I don't if this is rot where several large branches meet. It is soft and dark colored matter, almost like compost. I was able to peel off a patch (see circled area in the first picture). Prompted by this, I poked into the lichen at a different branching point and underneath it I found the same black rot (2nd pic). A different location some weeds are even growing from such matter (3rd pic).
Should I be worried and is there anything I should do to mitigate the problem?