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s •i <br /> � - <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 shall 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 />� - <br /> SECTION 1 � <br /> � DEFINITIONS <br /> The followin�words when used in the Govecning Documents shali have the foilowing meanings <br /> (unless the context indicates otherwise): <br /> 1.1 "Act" means Minnesota Statutes Chapter 5•15B, 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 /> 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 Section 515B.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 "Buildin�" means each structure which is or becomes a part of the 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 ta time. <br /> � I.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 "Comrnon Expenses" 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 Common Expenses in the Governing Documents. <br /> 1.10 "Condominium" means the condomininm created by this Declaration and known <br /> as Stonebay of Orono Condorninium. <br /> 1.I 1 "Declarant Contro( Period" means.the time period during which Dectarant has the <br /> exclusive right to appoint the members of the Board, as described in Section [6. <br /> MPLS-Word 95281.1 I 2 <br />