Biosynergy Inc – ‘10-Q’ for 10/31/98 – EX-5

As of:  Wednesday, 12/16/98   ·   For:  10/31/98   ·   Accession #:  715812-98-4   ·   File #:  0-12459

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      18     68K 
 3: EX-1        Underwriting Agreement                                 2     12K 
 4: EX-5        Opinion re: Legality                                   2     11K 
 2: EX-27       Financial Data Schedule (Pre-XBRL)                     1      8K 

EX-5   —   Opinion re: Legality
Exhibit Table of Contents

EX-5
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MORTGAGE              

This Mortgage (the "Mortgage"), dated as of August 31, 1998, is made  
between Stevia Company, Inc., an Illinois corporation with offices at 1940      
East Devon, Elk Grove Village, Illinois, 60007, (the "Mortgagor"), and          
Biosynergy, Inc., an Illinois corporation, with offices at 1940 E. Devon, Elk   
Grove Village, Illinois, 60007 (the "Mortgage").                                

In order to secure the payment of that certain promissory note (the   
"Note") executed by the Mortgagor and payable to the order of Mortgagee on or   
before December 31, 1998 in the principal sum of Twenty Thousand Dollars        
($20,000), with interest thereon at the rate of ten percent (10%) per annum,    
and to secure the terms, covenants, promises, agreements and conditions as      
more fully described in the Note between the Mortgagor and the Mortgagee,       
bearing the same date as this Mortgage, the Mortgagor hereby mortgages and      
warrants to the Mortgagee, its successors and assigns the following described   
real estate:                                                                    

Lot 55 of the Pueblo Memorial Airport Industrial Park Subdivision, a            
Subdivision of a portion of Sections 29 and 30, Township 20 South, Range 63     
West and Sections 25 and 26, Township 20 South, Range 64 West of the Sixth      
Principal Meridian, Pueblo County, Colorado                                     

Tax Parcel Number:          03-00-01-001                                        
Address of real estate:     33850 United Avenue, Pueblo, Colorado, 81001        

   In the event of a default in payment of the Note, or any part thereof, or
the interest thereon, or any part thereof, or the interest thereon, or any      
part thereof, or in the event of a default under this Mortgage, or in case of   
waste or non-payment of taxes or assessments on said premises, or of a breach   
of any of the covenants or agreements herein contained, then and in such case   
the whole of said principal sum and interest payable under the Note shall       
thereupon, at the option of the said Mortgagee, its assigns or successors,      
become immediately due and payable; and this Mortgage may be immediately        
foreclosed to pay the same by said Mortgagee, its assigns or successors, to     
enter into and upon the premises hereby granted, or any part thereof, and to    
receive and collect all rents, issues and profits thereof.                      

If any provisions of this Mortgage shall be prohibited by or invalid  
under applicable law, such provision shall be ineffective to the extent of      
such prohibition or invalidity, without invalidating or affecting the           
remainder of such provision or the remaining provisions of this Mortgage.       

Dated this ____ day of ___________________, 1998.                     

ATTEST:                              STEVIA COMPANY, INC.                       

/S/ LAUANE C. ADDIS/S/                      /S/ FRED K. SUZUKI, PRESIDENT/S/    
______________________________               ______________________________     
                                   Fred K. Suzuki, President

This instrument was prepared by:     KATZ, KARACIC, HELMIN & ADDIS, P.C.        
                       180 North LaSalle, Suite 3001
                 Chicago, Illinois 60601

EX-5
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STATE OF ILLINOIS  )                                                            
) SS                                      
COUNTY OF C O O K  )                                                            

/S/MARCIA J. NAWROCKI-VERBURGT/S/                               
I, __________________________________, a Notary Public in and for     
said County, in the State aforesaid, DO HEREBY CERTIFY that Fred K. Suzuki      
and Lauane C. Addis, personally known to me to be the same persons whose        
names are subscribed to the foregoing instrument and the president and          
secretary, respectively of Stevia Company, Inc., appeared before me this day    
in person and acknowledged that they signed, sealed and delivered the said      
instrument as their free and voluntary act, for the uses and purposes therein   
set forth, including the release and waiver of the right of homestead.          

Given under my hand and official seal this 31st day of August, 1998.  

                         /S/ MARCIA J. NAWROCKI-VERBURGT /S/
                          ____________________________________
   Notary Public

Commission Expires: 9-28-99                                                     

Dates Referenced Herein

				Referenced-On Page
This ‘10-Q’ Filing		Date		First		Last			Other Filings
		12/31/98		1					None on these Dates
Filed on:		12/16/98
For Period End:		10/31/98
		8/31/98		1
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