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z � <br /> ! -� <br /> I <br /> shall be owned, used, occupied, and conveyed subject to the covenants, resuictions, easements, • <br /> charges, and liens set farth herein, ail of which shalt 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 />� <br /> � SECTION l � <br /> � DEFINITdONS <br /> The following words when used in the Goveming Documents shali have the foilowing meanings <br /> (unless the context indicates otherwise): <br /> l.l "Act" means Minnesota Statutes Chapter S�15B, known as the Minnesota <br /> Common Interest Qwnership Act,as amended. <br /> 1.2 "Assessments" means and refers to all assessments leveed by the Association <br /> pursuant to Section 6 and pursuant to the Act,including,but not limited to,annual <br /> assessments,special assessments;and Iilnited assessments. <br /> 1.3 "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 S15B.3-101 of the Act, whose members consist of all <br /> Owners. <br />� 1.4 "Board" means the Board of Directors of the Association as provided for.in the <br /> Bylaws. <br /> 1.5 "BuildinQ" means each structure which is or becomes a part of the Property and <br /> which contains at least one Unit_ <br /> 1.6 "Bvlaws" means the Bylaws governing the operation of the Association, as <br /> amended from tirne to time. <br /> � 1.7 "Citv„means the city of Orono, Minnesota. <br /> 1.8 "Common Elements" means all parts of the Properiy except the Units, including <br /> all improvements thereon. <br /> 1.9 "Common Exnenses" means al] expenditares made or liabilities incurred by ar on <br /> behalf of the Association and incident to its operation, including Assessments and <br /> items otherwise identified as Common Expenses in the Governing Docnments. <br /> 1.10 "Condominium" means the condominium created by this Declaration and known <br /> as Stonebay of Orono Condominium. � <br /> 1.(1 "Declarant Control Period" means.the time period during which Declarant has the <br /> exclusive right to appoint the members of the Board,as described in Section f 6. <br /> MPLS-Word 95281.11 2 <br />