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i 1 ' .f +� I . � i 1.12 "Eli�ible Mort�aQee" means any Person which owns a first mortgage on � Unit ' � and which has requested in writing that the Association notify it regardin any proposed action which requires approval by a specified percentage of El gibie � Mortgagees. 1.13 "Governin� Documents" means this Declaration, the Bylaws, and the Artic es of lncorporation of the Association, as those docurnents may be amended fro time to time,all of which shall govern the use and operation of the Property. ', 1.14 "Limited Common Elements"means a portion of the Common Elements all cated by this Declaration or by operation of Section S 15B2-102(d) or(fl of the Act for the exclusive use of one or more but fewer than a11 of the Units. II 1.15 "Member"means a Person who is a member of the Association by virtue of eing � I an Owner as defined in this Declaration. The words"Owner"and"Member rr3ay be used interchangeabiy in the Governing Documents. � 1.16 "Occupant" means a Person,other than an Owner,in possession of,or residi g in, a Unit. . I_17 "Owner" means a Person who owns a Unit, but excluding a contract for�deed vendors,a moRgagee, a holder of a remainder interest or a reversionary inte st in Ia life estate, and any other secured parties within the meaning of the Act. The . . . term "Owner" includes, without limitation, a contract for iieed vendee, nd a holder of a life estate. 1.18 "Person"means a natural individuat, a corporation, a]imited liability comp ny, a partnership,a trustee,or other legal entity capable of holding title to real pro erty. 1.]9 "Plat" means one or more than one recorded plat depicting the Property pu uant , to the requirements af Section S15B.2-110(c) of the Act, and satisfyin the requirements of Minnesota Statutes Chapter 505, 508, or 508A, as appli able, including any amended or suppiemental Plat recorded from time to ti e in i accordance with the Act. 1.20 "PropertY' 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 Exhi.bit A attached hereto. 1.21 "Rules and Re�u3ations" means the Rules and Regulations of the Associatipn as approved from time to time pursuant to Section 5.6. � I 1.22 "Unit" means a part of the Property within a Building other than the Co on Elements, including one or rnore than one room or enclosed space designe and intended for separate ownership and use, ali as described in Section 2 and s own on the PEat. MPIS-W rd 95281.11 3