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201801580 which the Property is located shall be conclusive proof of proper appointment of the successor trustee. The foregoing power of substitution and the procedure provided for by law for the substitution of a trustee or trustees in the place of the Trustee. 14. Forbearance by Trustee or Beneficiary Not a Waiver. Any forbearance by the Trustee or Beneficiary 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 by Trustor under this Trust Deed shall not be deemed to be a waiver of any other or similar default subsequently occurring. 15. Trustor Not Released. Extension of the time for payment or modification or amortization of the sums secured by this Trust Deed 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 Trust Deed by reason of any demand made by the original Trustor and Trustor's successor in interest. 16. Default. If there shall be a default under this Trust Deed, the Beneficiary may elect to cure such default, and the amounts advanced by, and other costs and expenses of the Beneficiary in curing default, with interest at the default rate contained in the Decree and Property Equalization provisions therein secured hereby from the time of the advance or payment shall be added to the indebtedness secured by this Trust Deed and may be collected hereunder at any time after the time of such advance or payment and shall be deemed to be secured hereby. 17. Option to Foreclose. Upon the occurrence of any default hereunder, Beneficiary shall have the option to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real estate. 18. Trustor's Rights Absent Default. Until any default in the payment of the indebtedness secured hereby or until the breach of any covenant contained herein or in the Decree and Property Equalization provisions, the Trustor, its successors and assigns, where applicable, shall possess and enjoy the Property and receive the rents and profits therefrom. Upon payment of all sums secured hereby, Beneficiary shall request Trustee to reconvey the Property and shall surrender this Trust Deed to Trustee. Trustee shall reconvey the Property without warranty to the persons entitled thereto. The grantee in any reconveyance may be described as "the person entitled thereto ", and the recitals contained therein of any matters shall be conclusive proof of the truthfulness thereof. Such person or persons shall pay the entire cost of and all costs of recording. 6