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i .T <br /> � . <br /> ' I <br /> shall be owned, used, occupied, and conveyed subject to the covenants, restcictions, easements, • <br /> charges, and liens set forth herein, ail of which sha11 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 /> � DEFINITIONS <br /> �'he following words when used in the Governing Documenu shali have the foilowing meanings <br /> (unless the context indicates otherwise): <br /> 1.1 "Act" means Minnesota Statutes Chapter S�I SB, 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 /> 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 $ection SISB.3-141 of the Act, whose members consist of al] <br /> Owners. <br /> � 1.4 "Board" means the Board of Directors of the Association as provided for.in the <br /> Bylaws. <br /> !.5 "Buiidine" 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 "City„means che city of Orono, Minnesota. <br /> 1.8 "Common Elements" rneans ali parts of the Property except the Units, including <br /> all improvements thereon. <br /> 1.9 "Common Exnenses" means all expenditnres made or liabilitie5 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 /> i 1.10 "Condominium" means the condominium created by this Declaration and known <br /> as Stonebay of Orono Condominium. <br /> 1.l 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 !6. <br /> MPLS-Word 952B i.l 1 2 <br />