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i * . .+ ... I . ' .12 "fili�ible Mortga�ee" means any Person which owns a first mortgage on a nit ' and which has requested in writing that the Association notify it regarding any proposed action which requires approval by a specified percentage of Eli ible � Mortgagees. � t.13 "rovernin� Documents" means tliis��eclaration, tl:e �ylaws, and the Articl s of � lncorporation of the Association, as those documents may.be amended from ime to time,aIl of which shall govern the use and operation of the Property. . � l.l4 "Limited Common Elements"means a portion of the Common Elements allo ted by this Declaration or by operation of Section S l5B_2-102(d) or(fl of the Ac for '� the exclusive use of one ar more but fewer than all of the Units. 1'.15 "Member"means a Person who is a member of the Association by virtue of b ing � an Owner as defined in tt�is Declaration. The words"Owner" and"Member" ay be used interchangeably in the Governing Documents. , 1.I 6 "Occupant"means a Person,other than an Owner,in possession of,or residin in, � a Unit. . I'.l7 "Owner" means a Person who owns a Unit, but excluding a contract�for eed vendors, a maRgagee, a holder of a remainder interest or a reversionary intere t in Ia life estate, and any other secured parties within the meaning of the Act. he , term "Ownerl' inciudes, without limitarion, a contract for cleed vendee, a d a holder of a life estate. 1,.18 "Person" means a natural individual, a corporation, a limited liability compa y, a � partnership, a trustee, or other legal entity capable of holding title to real prop y. 1.19 "P1aY' means one or more than one recorded plat depicting the Property pnrs ant to the requirements of Section S I SB.2-110(c) of the Act, and satisfying the requirements of Mirv�esota Statutes Chapter 505, 508, or 508A, as applic ]e, including any amended or suppfemental Plat recorded from time to tim in , accordance with the Act. 1 20 "Propertv" means aIl of the real property subjected to this Declaration, now in the future, including all structures and improvements located thereon. e Property is legally described in Exhibit A attached hereto. 1'.21 "Rules and Re�u3ations" means the Rutes and Regulations of the Associatio as approved from iime to time pursuani to Section 5.5. � 1 22 "Unit" means a part of the Property within a Building other than the Co on Elements, including one or more than one room or enclosed space designed nd , intended for separate ownership and use, ali as described in Section 2 and sh wn on the Pfat. MPLS-Ward 95281.11 3