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,, <br /> � <br /> - shall be owned, used, occupied, and conveyed subject to the covenants, restrictions, easements, • <br /> charges, and liens set forth herein, ail of which shall be binding upon all Persons owning or <br /> . acquiring any right, title, or interest therein, and their heirs, personal represen[atives, successors, <br /> and assigns. <br /> � � SECTION ] • <br /> � � <br /> i � DEFINITIONS <br /> ?'he following words vvhen used in the Governing Documents shall have the foilowing meanings <br /> .. <br /> (unless the context indicates otherwise): <br /> � 1.1 "Act" means Minnesota Statutes Chapter 5•15B, known as the Minnesota <br /> j Common lnterest 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 Sectian SISB.3-101 of the Act, whose members consist of all <br /> Owners. <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 the Property and <br /> which contains at leasi one Unit_ <br /> l.6 "Bvlaws" means the Bylaws governing the operation of the Association, as <br /> amended from time to time. <br /> � 1.7 "Citv„means the city of Orono, Minnesota. <br /> 1.8 "Common Elements" means all parts of the Property except the Units, including <br /> all improvements thereon. <br /> 1.9 "Common Ex,penses" means all expenditures made or liabilities incurred by or on <br /> behalf of the Association and incident to its operation; including Assessments and <br /> items otherwise identified as Cornmon Expenses in the Governing Docnments. <br /> 1.10 "Condominium" means the condomininm created by this Declaration and known <br /> as Stonebay of Orono Condomirtium. <br /> 1.11 "Declarant Control Period"means,the time period during which Decla�'ant has the <br /> exclusive right to appoint the members of the Board,as described in Section I6. <br /> MPLS-Word 9528 L i I 2 <br />