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s •* _ , <br /> t �'r <br /> . � <br /> shall be o ed, used, occupied, and conveyed subject to the covenants, restrictions, easements, � <br /> charges, an liens set forth herein, ail of which shal! be binding upon all Persons owning o <br /> acquiring an right, title, or interest therein, and their heirs,personal representatives, successors; <br /> and assigns. <br /> . SECTION 1 � <br /> � DEFINITIONS <br /> The followi'g words when used in the Governing Documents shali haye the foilowing meanings <br /> (unless the ntaxt indicates otherwise): <br /> 1.1 ' "Act" means Minnesota Statutes Chapter S�ISB, known as the Minnesota <br /> Common Interest Ownership Act,as amended. <br /> 1.2 "Assessments" means and refers to all assessments levied by the Association <br /> pursuant to Section 6 and pursuant to the Act,including, but not limited to,annual <br /> ' assessments,special assessments,and limited 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.3-1(}1 of the Act, whose members consist of all <br /> Owners. <br /> • i.4 "Board" means the Board af 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 tt�e 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 ; "City"means ihe city of Orono, Minnesota. <br /> 1.8 "Common Elements" rneans ali parts of the Property except the Units, including <br /> all improvements thereon. <br /> t.9 "Common Exnenses" means ail expenditures made or liabilities incurred by or on <br /> behalfofthe 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 Condominiurn. <br /> 1.I 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 !6. <br /> . i <br /> MPLS-Word 952 i.l I 2 <br />