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; "* . .4 .y 1.12 "Eli�ible Mortgagee" means any Person which owrts a first mortgage on Unit ' � and which has reqnested in writing that the Association notify it regardin any proposed action which requires approval by a specified percentage of EI gibie � Mortgagees. � l.:3 "Governin� �ocuments" means this��eclaration, the Bylaws, and the Artic es of � ' ]ncorporation of the Association, as those documents may.be amended from time to time, all of which shall govern the use and operation of the Property. ' 1.14 "Limited Common Elements"rr�eans a portion of the Common Elements allo ated by this Declaration or by operation of Section 5 l SB2-102(d) or{fl of the A t for ' the exclusive use of one ar more but fewer than ail of the Units. ,l.15 "Member"means a Person who is a member of the Association by virtue of eing � an Owner as defined in this Declaratian. The words"Owner"and"Member' may be used interchangeably in the Governing Documents. � � I.l6 "Occupant"means a Person,other than an Owner, in possession of,or residi g in, a Unit. . 1.17 "Owner" means a Person wha owns a Unit, but excluding a contract for eed , vendors,a moRgagee,a holder of a remainder interest or a reversionary inter st in Ia life estate, and any other secured parties within the meaning of the Act_ The , term "Owner" inc[udes, without limitation, a contract for deed vendee, a d a holder of a life estate. �.18 "Person" means a natural individuat, a corporation, a limited liability compa y, a partnership,a trustee, or other legal entity capable of hoiding title to real prop rty. 1.19 "Plat" means one or more than one recorded plat depicting the Property pur uant to the requirements of Section S15B.2-I10(c) of the Act, and satisfyin the requirements of Minnesota Statutes Chapter 505, 508, or 508A; as applic ble, including any amended or snppfemental Plat recorded from time to ti in accordance with the Act. � 1_20 "Propert� means aIl of the real property subjected to this Declaration, now r in the future, including all structures and improvements located thereon. The. Property is legally described in Exhibit A attached hereta 121 "Rules and Re�u3ations" means the Rules and Regulations of the Associatio as approved from time to time pursuant to Section 5.6. � I_22 "Unit" means a gart of the Property within a Building other than the Ca on Elements, including one or more than one room or enclosed space designed and ' intended for separate ownership and use, alt as described in Section 2 and sh wn on the PEat. MPIS-Word 95281.11 3