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♦ Y .� � � I 4.12 "Eli�ible Mort�aQee" means any Person which owns a first mortgage on a Unit ' ' and which has requested in writing that the Association notify it regardin any proposed action which requires approval by a specified percentage of El gible � Mortgagees. � I.?3 "G�vernin� Documents" means this�Declaration, the Bylaws, and the Artic es of � Incorporation of the Association, as those documents may be amended from time to time,all of which shall govern the use and operation of the Property. 1.14 "Limited Common Elements"means a portion of the Common Elements allo ated I by this Declaration or by operation of Section S 15B.2-102(d) or(fl of the A t for the exclusive use of one or more but fewer than all of the Units. .1 S "Member"means a Person who is a member of the Association by virtue of eing � an Owner as defined in this Declaration. The words"Owner"and"Member"may be used interchangeably in ttte Governing Documents. .16 "Occupant" means a Person,other than an Owner, in possession of,or residi g in, a Unit. . .17 "Owner" means a Person who owns a Unit, but excluding a contract for eed vendors, a martgagee,a halder of a remaincler interest or a reversionary inter st in Ia life estate, and any other secured parties within the meaning of the Act. The . term "Owner" incEudes, without limitation, a contract for �deed vendee, a d a holder of a life estate. .18 "Person" means a natural individual, a corporation, a limited liability compa y, a partnership, a trustee, or other legal entity capabie of holding title to real prop rty. .14 "Plat" means one or more than one recorded plat depicting the Property pur uant to the requirements af Section 515B.2-110(c) of the Act, and satisfyin the requirements of Miru�esota Statutes Chapter 505, 548, or 508A, as applic ble, includin� any amended or supplemental Plat recorded from time to ti in accordance with the Act. .20 "Propertv" means all of the real property subjected to this Declaration, now r in the future, including al] structures and improvements located thereon. The Property is legally described in Exhi.bit A attached hereto. .21 "Rules and Re�u3ations" means the Rules and Regulations of the Associatio as approved from time to iirne pursuant to Section 5.6. � 22 "Unit" means a gart of the Property within a Building other than the Co on Elements, including one or more than one room or enclosed space designed and intended for separate ownership and use, alt as described in Section 2 and sh wn on the PEat. MPLS-Wor 95281.11 3