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MODIFICATION OF DEED OF TRUST
<br />Loan No: 1547974017 (Continued)
<br />Page 3
<br />other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil
<br />Procedure, the applicable state rules of civil procedure, or other applicable law. Judgment upon the award rendered by
<br />the arbitrator may be entered in any court having jurisdiction. The institution and maintenance of an action for judicial
<br />relief or pursuit of a provisional or ancillary remedy shall not constitute a waiver of the right of any party, including the
<br />plaintiff, to submit the controversy or claim to arbitration if any other party contests such action for judicial relief.
<br />D. Discovery, In any arbitration proceeding discovery will be permitted in accordance with the Rules. All discovery
<br />shall be expressly limited to matters directly relevant to the Dispute being arbitrated and must be completed no later
<br />than 20 days before the hearing date. Any requests for an extension of the discovery periods, or any discovery
<br />disputes, will be subject to final determination by the arbitrator upon a showing that the request for discovery is
<br />essential for the party's presentation and that no alternative means for obtaining information is available.
<br />E. Class Proceedings and Consolidations, No party hereto shall be entitled to join or consolidate disputes by or against
<br />others in any arbitration, or to include in any arbitration any dispute as a representative or member of a class, or to act
<br />in any arbitration in the interest of the general public or in a private attorney general capacity.
<br />F. Small Claims Court. Any party may require that a Dispute be resolved in Small Claims Court if the Dispute and
<br />related claims are fully within that court's jurisdiction.
<br />G. State Specific Provisions:
<br />If Delaware. Pennsylvania or Virginia law governs the Dispute, the following provision is applicable if there is a
<br />Confession of Judgment in any note, guaranty or other Documents subject to this Arbitration Program: Confession of
<br />Judgment. Notwithstanding anything herein to the contrary, the arbitration requirement does not limit or preclude the
<br />right of Lender to confess judgment pursuant to a warrant of attorney provision set forth in any note, guaranty or other
<br />Documents. No party shall have the right to demand binding arbitration of any claim, dispute or controversy seeking to
<br />(i) strike -off or open a judgment obtained by confession pursuant to a warrant of attorney contained in any note,
<br />guaranty or other Documents, or (ii) challenge the waiver of a right to prior notice and a hearing before judgment is
<br />entered, or after judgment is entered, but before execution upon the judgment. Any claims, disputes or controversies
<br />challenging the confession of judgment shall be commenced and prosecuted in accordance with the procedures set
<br />forth, and in the forum specified by the applicable state rules of civil procedure or other applicable law.
<br />If Maryland law governs the Dispute, the following provision is applicable if there is a Confession of Judgment in
<br />any note, guaranty or other Documents subject to this Arbitration Program: Confession of Judgment. Notwithstanding
<br />anything herein to the contrary, the arbitration requirement does not limit or preclude the right of Lender to confess
<br />judgment, and no party shall have the right to demand binding arbitration of any claim, dispute or controversy seeking
<br />to open a judgment obtained by confession. Nothing herein, including the arbitration requirement, shall limit the right of
<br />any party to foreclose judicially or non judicially against any real or personal property collateral, or exercise judicial or
<br />non - judicial power of sale rights. No provision regarding submission to a jurisdiction and /or venue in any court or the
<br />waiver of any right to trial by jury is intended or shall be construed to be in derogation of the provisions for arbitration of
<br />any dispute. Any claim or counterclaim or defense raised in connection with Lender's exercise of any rights set forth in
<br />any note, guaranty or other Documents subject to this Arbitration Program shall be subject to the arbitration
<br />requirement.
<br />If South Carolina law governs the Dispute, the following provision is included: WAIVER OF JURY TRIAL.
<br />NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, WITHOUT INTENDING IN ANY WAY TO LIMIT THE
<br />PARTIES' AGREEMENT TO ARBITRATE ANY DISPUTE AS SET FORTH IN THIS MORTGAGE, TO THE EXTENT ANY
<br />DISPUTE IS NOT SUBMITTED TO ARBITRATION OR IS DEEMED BY THE ARBITRATOR OR BY ANY COURT WITH
<br />JURISDICTION TO BE NOT ARBITRABLE OR NOT REQUIRED TO BE ARBITRATED, LENDER AND MORTGAGOR WAIVE
<br />TRIAL BY JURY IN RESPECT OF ANY SUCH DISPUTE AND ANY ACTION ON SUCH DISPUTE. THIS WAIVER IS
<br />KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY LENDER AND MORTGAGOR, AND THEY HEREBY
<br />REPRESENT THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY PERSON OR ENTITY TO
<br />INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. THIS PROVISION
<br />IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THE LOAN DOCUMENTS. LENDER AND
<br />MORTGAGOR ARE EACH HEREBY AUTHORIZED TO FILE A COPY OF THIS SECTION IN ANY PROCEEDING AS
<br />CONCLUSIVE EVIDENCE OF THIS WAIVER OF JURY TRIAL. MORTGAGOR FURTHER REPRESENTS AND WARRANTS
<br />THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS MORTGAGE AND IN THE MAKING OF THIS WAIVER BY
<br />INDEPENDENT LEGAL COUNSEL, OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL
<br />COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS
<br />WAIVER WITH COUNSEL.
<br />H. Real Property Collateral;
<br />If California law governs the Dispute, the following provisions are included: Real Property Collateral; Judicial
<br />Reference. Notwithstanding anything herein to the contrary, no Dispute shall be submitted to arbitration if the Dispute
<br />concems indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the
<br />mortgage, lien or security interest specifically elects in writing to proceed with the arbitration, or (ii) all parties to the
<br />arbitration waive any rights or benefits that might accrue to them by virtue of the single action rule statute of Califomia,
<br />thereby agreeing that all indebtedness and obligations of the parties, and all mortgages, liens and security interests
<br />securing such indebtedness and obligations, shall remain fully valid and enforceable. If any such Dispute is not
<br />submitted to arbitration, the Dispute shall be referred to a referee in accordance with California Code of Civil Procedure
<br />201601014
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