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t .i <br /> .t � . <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 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 /> � SECTION t � <br /> � DEFINITIONS <br /> The following words when used in the Governing Documenu shali have the foilowing meanings <br /> (unless the contaxt indicates otherwise): <br /> 1.1 "Act" means Minnesota Statutes Chapter 5•158, known as the Minnesota <br /> Common Interest Ownership Act,as amended. � <br /> 12 "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 Sectian 515B.3-101 of the Act, whose members consist of al] <br /> Qwners. <br />� i.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 tt�e Property and � <br /> which contains at least one Unit. <br /> l.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" rneans all parts of the Property except the Units, including <br /> all improvements thereon. <br /> 1.9 "Common Expenses" means all expenditures made or liabilities incuned 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 Docnments. <br /> 1.10 "Condominium" means the condominium created by this Declaration and known <br /> as Stonebay of Orono Condominiurn. <br /> 1.11 "Declarant Control Period" means.the time period during which Declar`ant has the <br /> exclusive right to appoint the members of the Board,as described in Section 16. <br /> MPLS-Word 95281.1 i 2 <br />