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s .T .t . . , I shall e owned, used, occupied, and conveyed subject to the covenants, restrictions, ease ents, � charg s, and liens set farth herein, all of which shalt be binding upon all Persons own ng or acqui ng any right, title, or interest therein, and their heirs,personal representatives, succ ssors, and as igns. � SECTION 1 - � DEFINITIONS The fo�lowing words when used in the Governing Documents shali have the following me nings � (unles the context indicates otherwise): 1.1 "Act" means Minnesota Statutes Chapter S�lSB, known as the Minc�esota , Common Interest Ownership Act,as amended. I 12 "Assessments" means and refers to all assessments levied by the Assoc ation pursuant to Section 6 and pursuant to the Act, including,but not limited to,a nual assessments,special assessments, and limited assessments. I.3 "Association" means the Stonebay of Orono Condominium Associati n, a nonprofit corporation which has been created pursuant to Minnesota St tutes - Chapter 317A and Section S15B.3-lal of the Act, whose members consist f all Owners. � i.4 "Board" means the Board of Directors of the Association as provided for.i the Bylaws. � � 1.5 "Buildin�e" means each structure which is or becomes a part of the Propert� and which contains at least one Unit. ;1.6 "Bvlaws" means the Bylaws governing the operation of the Associatio , as amended frorn time to time. � 1.7 "Citv"means the city of Orono, Minnesota. 1.8 "Common Elements" rneans all parts of the Property except the Units, including all improvements thereon. I .9 "Common Expenses" means all expenditures made or liabilities incurred by r on behalf of the Association and incident to its operation, including Assessments and items otherwise identified as Common Expenses in the Goveming Docnments .10 "Condominium" means the condominiam created.by this Declaration and kn wn as Stonebay of Orono Condominium, .I 1 "Declarant Control Period" means,the time period during which Declarant ha the exclusive right to appoint the members of the Board,as described in Section L . MPLS-War 95261.I i 2