MORTGAGE
This Mortgage (the "Mortgage"), dated as of August 31, 1998, is made
between Stevia Company, Inc., an Illinois corporation with offices at 0000
Xxxx Xxxxx, Xxx Xxxxx Xxxxxxx, Xxxxxxxx, 00000, (the "Mortgagor"), and
Biosynergy, Inc., an Illinois corporation, with offices at 0000 X. Xxxxx, Xxx
Xxxxx Xxxxxxx, Xxxxxxxx, 00000 (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:
Xxx 00 xx xxx Xxxxxx Xxxxxxxx Xxxxxxx Xxxxxxxxxx Xxxx 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: 00-00-00-000
Address of real estate: 00000 Xxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx, 00000
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 31st day of August, 1998.
ATTEST: STEVIA COMPANY, INC.
/s/ XXXXXX X. XXXXX /s/ /s/ XXXX X. SUZUKI /s/
__________________________ ______________________________
Xxxx X. Suzuki, President
This instrument was prepared by: KATZ, KARACIC, XXXXXX & ADDIS, P.C.
000 Xxxxx XxXxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 60601
STATE OF ILLINOIS )
) SS
COUNTY OF X X X X )
/s/XXXXXX X. XXXXXXXX/s/
I, ___________________________, a Notary Public in and for said County,
in the State aforesaid, DO HEREBY CERTIFY that Xxxx X. Suzuki and Xxxxxx X.
Xxxxx, 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/ XXXXXX X. XXXXXXXX/s/
______________________________
Notary Public
Commission Expires: 9-28-99
