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�land,and declaring th�t the Property and each portion thereof shall be owned,used, occupied and <br /> conveyed subject to the covenants,conditions,restrictions, easements, charges and liens set forth <br /> below, all of which shall be binding upon each Person owning or acquiring any right, tifle or <br /> interest therEin, and their respective heirs,personal representatives, successors and assigns. <br /> ARTICLE I <br /> DEFINIIZONS <br /> The following words, when used in this Declaration, shall have the following meaaings: <br /> 1.1 "Association": Mvoney Lake Pieserve Homeownexs Association, a Minnesota <br /> nonprofit corporation. <br /> 1.2 'Big Woods Lots": Lots 6,7� 8 and 9 of the Plat. <br /> 1.3 "Committee": the Design Review Committee of the Association exercising the <br /> functions and powers described ia Article VI below. <br /> 1.4 "Common Areas": Qudots B, C� E, F, G and H af the Plat, including without <br /> limitation any and all recreational facilities now or hereafter lacated on Outlot C of the Plat. <br /> 1.5 "Comman Expenses": all expenditures made and liabilities incurred {�y the <br /> Association on behalf of the Owners. <br /> 1.6 "Develaper": BPS Properties, LI,C, unless and until it assigns ta another Person, <br /> by an instrument duly xecorded in the office of the Registrar of Titles in aad for Hennepin <br /> County, Minnesota, the rights of Developer under this Declaration, in which case "Developer" <br /> shall mean the owner from time to time of the rights of Developer under this Declaration. <br /> 1.7 "Excluded Parcels": Outlots A and D of the Plat� <br /> 1.8 "I.ot": any of one of the numbered iots in the Pla� <br /> 1.9 "Outlot": any of the lettered outlots in the Plat except for the Excluded Parcels. <br /> 2 <br />