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1.1.10 "Declarant" shall mean and refer to BohLand Development, Inc., a Minnesota corporation and its successors and assigns, if such successor or assign shall acquire more than one undeveloped Lot from the Declarant for the purpose of development of Carriage Hill as a whole, as opposed to construction for sale of Dwellings on particular Lots. Notwithstanding the foregoing, no individual or entity acquiring a Lot from the Declarant shall become the Declarant solely by such acquisition, but only by a specific assignment and assumption of the rights and obligations of the Declarant hereunder, which assignment and assumption shall not be effective unless the instrument of conveyance expressly sets forth the same. In the event of such an assignment, the assigning Declarant shall have no further obligations to any Owner or the Association arising out of this Declaration. 1.1.11 "Declaration" shall mean and refer to this instrument, and all exhibits hereto, as the same may be amended from time to time, and filed for record in the office of the County Recorder and/or Registrar of Titles (whichever is appropriate). 1.1.12 "Dwelling" shall mean and refer to any dwelling on a Lot intended for use as a single-family dwelling. 1.1.13 "Entrance Monument" shall mean one or more entrance monuments for Carriage Hill to be constructed by the Declarant on the real property legally described on Exhibit B attached hereto, and to be maintained by the Association in accordance with the provisions of this Declaration. 1.1.14 "Lot" shall mean and refer to any lot, except Lot 1, Block 1, Carriage Hill, located within the Property which is platted as a residential lot and which is intended for use as, or used as, a site for a single Dwelling, but shall not include any Outlot located within the plat of Carriage Hill. 1.1.15 "Member." Each Owner entitled to membership in the Association pursuant to the provisions of Article 11. 1.1.16 "Mortgage" shall mean and refer to a deed of trust, mortgage, contract for deed, or other security instrument granting, creating or conveying a lien upon, a security interest in, or a security title to any portion of the Property, or any interest therein. L 1.17 "Mortgagee" shall mean and refer to any entity or person named as mortgagee in any mortgage deed granting a lien ("Mortgage") on any Lot. 1.1.18 "NURP Ponds/Drainage Ways" shall mean the areas reflected as Drainage Easements on the Plat of Carriage Hill. 1.1.19 "Owner." The record Owner or contract vendee of the fee simple title to any Lot, but excluding contract vendors, mortgagees or any others having such interest merely as security for the performance of an obligation. 3