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I 83-H05150 Beneficiary or the legal holder of said promissory note on account of the indebtedness evidenced thereby. (e) Whenever used herein, the singular number shall include the plural, the plural, the singular, the use of any gender shall be appl icable to all genders, and the term "Beneficiary" shall include any payee of the indebtedness hereby secured or any transfer thereof, whether by operation of law or otherwise. 20. Successor Trustee. Beneficiary may from time to time subs ti tute a successor or successors to any Trustee named herein or acting hereunder to execute this Trust Deed. Upon such appointment and without conveyance to the succeSsor Trus- tee, the latter shall be vested with all title, powers, and duties conferred upon any Trustee herein named or acting here- under. Each such appointment and substitution shall be made by written instrument by Beneficiary, containing reference to this Trust Deed and its place of record, which when recorded in the office of the Register of Deeds of the county or counties in which said property is si tuated shall be conclusive proof of proper appointment of the successor Trustee. The foregoing power of substi tution and the procedure therefore 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. 21. ~orebearance by Beneficiary or trustee Not a wa~ver. Any forebearance by-ee;eficiary c>r~rrustee 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 Trust Deed shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. 22. Trustor Not Released. Extension of the time for payment or modi1'TCii'i:'{on"()r'''amortization of the sums secured by this Trust Deed granted by Beneficiary to any successor in interest of Trustor shal i not operate to release, in any manner, the liability of the original Tl'ustor or Trustor's successor in interest. Beneficiary shall not be required to commence pro- ceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Trust Deed by ,'eason of <lny demand made by the original Trustor and Trustor's successors in interest. 23. !?_eJ3:!0..!,' If there shall be a deJ':ilult under this Deed of Trust or under any In-ior mortgage, rhe Beoefic:iary may cure such defaul t, and the amounts advanced by, an<L 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 advances or payments shall be added to the indebtedness secured by this Trust Deed and may be collected hereunder at any time after the time of such advances or payments and shall be deemed to be secured hereby. 24. Q'p"!:'io!L.!o For:eclos~. 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 property. 25. Trustor's Rights, Absen_t".pef.,!~l~. Until any default in the payment of indebtedness hereby secured or until the breach of any covenant herein contained, the Trustor, its successors and assigns, shall possess and enjoy the property, and receive the rents and profits therefrom. Upon payment of all sums secured by this Trust Deed, Beneficiary shall request Trustee to reconvey the property and shall surrender this Trust Deed and aU notes evidencing indebtedness secured by this Trust Deed to Trustee. Trustee shall reconvey the property without warr.anty ilnd without charge to the persons legally e!"ltl tIed th.et<i'to. The Gran tee in any ['e<:onveyance may be d,,,,(: r i bed as - 1.