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t .i <br /> .Y . <br /> y <br /> I <br /> shall be owned, used, occupied, and conveyed subject to the covenants, restrictions, easements, � <br /> charges, and liens set forth herein, all of which shall be binding upon all Persons owning or <br /> , acquiring any right, title, or interest therein, and their heirs,personal representatives, successors, <br /> and assigns. <br /> � � SECTION 1 � <br /> � DEFINITdONS <br /> The followin�words vnhen used in the Governing Documents shall have the following meanings <br /> (unless the context indicates otherwise): <br /> l.l "Act" means Minnesota Statutes Chapter S�15B, known as the Minnesota <br /> Common Interest Ownership Act,as amended. � <br /> 1.2 "Assessments" rneans and refers to all assessments levied by the Association <br /> ' pursuant to Section 6 and pursuant to the Act,including,but not limited to,annua] <br /> assessments,special assessments,and limited assessments. <br /> 13 "Association" means the Stonebay of Orono Condominium Association, a <br /> nonprofit corporation which has been created pursuant to Minnesota Statutes <br /> • Chapter 317A and Section SISB.3-101 of the Act, whose members consist of al] <br /> Owners. <br />� i.4 "Board" means the Board af Directors of the Association as provided for.in the <br /> � Bylaws. <br /> 1.5 "Buildine" means each structure which is or becomes a part of the Property and <br /> which contains at least one Unit_ <br /> l.6 "Bylaws" means the Bylaws governing the operation of the Association, as <br /> amended from time to time. <br /> � 1.7 "Citv„means the city of Orono, Minnesota. <br /> 1.8 "Common Elements" means ali parts of the Property except the Units, including <br /> al] icnprovements thereon. <br /> 1.9 "Common Expenses" means all expenditures made or liabilities incurred by or on <br /> behalf of the Association and incident to its operation, including Assessments and <br /> items otherwise identified as Common Expenses in the Governing Documents. <br /> 1.10 "Condominium" means the condominium created by this Dec(aration and known <br /> as Stonebay of Orono Condominium. <br /> L.l 1 "Declarant Control Period" means,the time period during which Declarant has the <br /> exclusive right to appoint the members of the Baard,as described in Section I6. <br /> MPLS-Word 95281_i l 2 <br />