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20160190 18. Successor Trustee - Beneficiary may, from time to time, substitute a successor or successors to any trustee named herein or acting hereunder. Upon such appointment and without conveyance to the successor trustee, the latter shall be vested with all title, powers and duties conferred upon any trustee herein named or acting hereunder. Each such appointment and substitution shall be made by written instrument by Beneficiary, containing reference to this Deed of Trust and its place of record, which, when recorded in the office of the Register of Deeds of the county or counties in which the Property is situated, shall be conclusive proof of proper appointment of the successor trustee. The foregoing power of substitution and the procedure therefor shall not be exclusive of the power and procedure provided for by law for the substitution of a trustee or trustees in the place of the trustee named herein. 19. Forbearance by Beneficiary or Trustee Not a Waiver - Any forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. 20. Trustor Not Released - Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustor shall not operate to release, in any manner, the liability of the original Trustor or Trustor's successor in interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor or Trustor's successors in interest. 21. Default - If there shall be a default under this Deed of Trust or under any prior mortgage or deed of trust, the Beneficiary may cure such default, and the amounts advanced by, and other costs and expenses of the Beneficiary in curing such default, with interest at the default rate contained in the note secured hereby from the time of the advance or payment, shall be added to the indebtedness secured by this Deed of Trust and may be collected hereunder at any time after the time of such advance or payment and shall be deemed to be secured hereby. 22. Option to Foreclose - Upon the occurrence of any default hereunder, Beneficiary shall have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. 23. Trustor's Rights, Absent Default - Until any default in the payment of indebtedness hereby secured or until the breach of any covenant herein contained, the Trustor shall possess and enjoy the Property, and receive the rents and profits therefrom. Upon payment of all sums secured by this Deed of Trust, Beneficiary shall request Trustee to reconvey the Property and shall surrender this Deed of Trust and all promissory notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall thereupon reconvey the Property without warranty to the person or persons legally entitled thereto. The grantee in any reconveyance may be described as "the person or persons entitled thereto," and the recitals therein of any matters or facts shall be conclusive proof of the truthfulness thereof. Such person or persons shall pay all costs of recording the re- conveyancing instrument, and shall pay Page 8 of 9 Pages