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19. Successor Trustee. Beneficiary may from time to time substitute 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 a21 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 coun- ties in which said property is situated shall be co^clusive proof of proper appointment of the successor Trustee. The foregoing power of substitution 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. 20. Forebearance by Beneficiary or Trustee Not a Waiver. Any forebearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or o*_herwise afforded by applicable law, shall naY be a waiver of or preclude the exercise of any right .,: :yea„ hilreun~er. ? ikewis_ , the waiver Liv Beneficiary or Trustee Yof an_v default of Trustor under this Trust Deed shall not be deemed ro be. a waiver of any other or similar defaults subsequently occurring. 21. `1°rustor Not Released. )iYtension of the time for payment ar modification or amarti~ation of the sums secured by this Trust Deed granted by Beneficiary to ary successor in interest of Trustor shall not operate to release, in any manner, the liataility of the original. Trustor or Trustees successor in interest. Beneficiary shall not be required to commence >ro- ceedings against suih successor ar refuse to extend time iOr payment or athervise modify amorti~atian of the sums secured by this Trust Deed by reason of any demand made by the arigin3l Trustor and Trustor's successors in interest. 22. Default. if thr.rc shall be a default under this Deed of Trust ar under any prior mortgage, the Beneficiary may cure such default, and the amounts advanced by, and other costs and expenses a2 the benciiciary in curing such default, with interest at the default rate contained in the 4'ate secured hereby from the time of the advances or payments shall be added to rite indebtedness secured by this Trust De~+d_ -and .may be tallected hereunder at any time after the 23iee of such advances or payments and shall be deemed to be sr~ured hereby. 23. fl~tian to Farecl_os€. Upon the occurrence of any default hereunder, Beneficiary shall have the option ro foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages an real property. ~~. Trustar's Rights, Absent Default. Until any deiauit 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 Lhe swats and profits therefrom. Upon payment of ail sums secured by this Trust Deed, Beneficiary shalt request Trustee to recunvEy the property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust -eed to Trustee. Trustee shall recanvey the property without warranty and without charge to the persons legally entitled [hereto. The Grantee in any reconveyance may be described as °ihe 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, if any. -7-