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land, and declaring that the Property and each portion thereof shall be owned,used, occupied and <br /> conveyed subject to the covenants, condirions,restrictions, easements, charges and liens set forth <br /> below, all of which shall be binding upon each Person owning or acquiring any right, title or <br /> interest therein, and their respective heirs, personal representatives, successors and assigns. <br /> ARTICLE I <br /> DEFINITIONS <br /> The following words,when used in this Declaration, shall have the following meanings: <br /> 1.1 "Association": Mooney Lake Preserve Homeowners Association, a Minnesota <br /> nonprofit corporation. .� o� ��� <br /> 1.2 "Big Woods Lots": Lots 5, 6, 7, Block 1 d Lot 1, Block 2 the Plat. <br /> 1.3 "Committee": the Design Review Cammi of ssociadon exercising the <br /> fiznctions and powers described in Article VI below. <br /> 1.4 "Common Areas": Outlots B, C, E, F, and G of the Plat, including without <br /> limitation any and all reereatianal facilities now or hereafter located on Outlot C of the Plat. <br /> 1.5 "Common Expenses": all expenditiu�es made and liabilities incurred by the <br /> Association on behalf of the Owners. <br /> 1.6 "Developer": BPS Properties, LLC, unless and until it assigns to another Person, <br /> by an instrument duly recorded in the office of the Registrar of Titles in and 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 Develaper under this Declaration. <br /> 1.7 "Excluded Parcels": Outlots A and D of the Plat. <br /> 1.8 "Lot": any of one of the numbered lots in the Plat. <br /> 1.9 "Out1oY': any of the lettered outlots in the Plat except for the Excluded Parcels. <br /> 2 <br />