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� , ., „ , 5.12 "Eii�ible Mort�aQee" means any Person which owns a first mortgage on a Unit ' ' and which has requested in writing that the Associatian notify it regarding any proposed ac�ion which requires approval by a specified percentage of Eligibie � Mortgagees. - l.:3 "Governin� Documents" means this��eclaraiion, tl:e Bylaws, and the Articles of � ]ncorporation of the Association, as those docurnents may be amended from time to time,all of which shall govern the use and operation of the Praperty. 1.14 "Limited Common Elements"means a portion of the Common Elements allocated , by this Deciaration or by operation of Section S 15B.2-102(d) or(� of the Act for I the exclusive use of one or more but fewer than all of the Units. 1.15 j "Member"means a Person who is a member of the Association by virtue of being � j an Owner as defined in this Declaration. The words"Owner"and"Member"may be used interchangeably in the Governing Documents. 1_l6 "Occunant" means a Person,other than an Owner, in possession of,or residing in, a Unit. . 1.17 "Owner" means a Person wha owns a Unit, but excluding a contract for deed vendors,a mortgagee,a holder of a remainder interest or a reversionary interest in I a life estate, and any other secured parties within the meaning of the Act. The ; term "Owner" inciudes, without limitation, a contract for deed vendee, and a � holder of a life estate. -. 1.18 "Person" means a natural individual, a corporation, a limited liability company, a partnership, a trustee, or other legal entity capable of holding title to real property. 1.19 "Plat" means one or more than one recorded plat depicting the Property pursuant to the requirements af Section 51 SB.2-110(c) of the Act, and satisfying the requirements of Minnesota Statutes Chapter 505, 508, or 508A, as applicable, � ' including any amended or supplemental Plat recorded from time to time in accordance with the Act. • 1.20 ; "Propertv" means aIl of the real property subjected to this Declaration, now or in ' the future, including all structures and improvements located thereon. The Property is legally described in Exhibit A attached hereta 1.21 "Rules and Regu3ations" means the Rules and Regulations of the Association as approved from time to time pursuani to Section 5.6. � 1.22 "Unit" means a part of the Property within a Building other than the Common E]ements, including one or more than one room or enclosed space designed and intended for separate ownership and use, alI as described in Section 2 and shown on the PEat. MPLS-Ward 95281.1! 3 � -- - ---.. ..