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; , i i.12 "Eli�ible MortgaQee" means any Person which owns a first mortgage on a U it ` ' and which has requested in writing that the Association notify it regardin� a y �i proposed action which requires approval by a specified percentage of Eligi le - Mortgagees. � !.?3 "�overnin2 Documents" means this�I�eclaraiion, tl:e $ylaws, and the Articles f � � lncorporation of the Association, as those documents may.be amended from ti e ' to time,all of which shall govern the use and operation of the Property. l.14 "Limited Common Elements"means a portion of the Common Elements allocat d by this Declaration or by operation of Sectian S L SB.2-102(d) or(� of the Act r ! the exclusive use of one or more but fewer than all of the Units. ' 1.15 "Member"means a Person who is a member of the Association by virtue of bei g � an Owner as defined in this Declaration. The words"Owner" and"Member"m y � be used interchangeably in the Governing Documents. 1.16 "Occupant" means a Person,other than an Owner, in possession of,or residing n, , a Unit. . 1.17 "Owner" means a Person who owns a Unit, but excluding a contract for de d vendors,a mortgagee,a holder of a remainder interest or a reversionary interest in II a life estate, and any other secured parties within the meaning of the Act. T e . term "Owner" inctudes, without limitation, a contract for cleed vendee, and a holder of a life estate. I.18 "Person"means a natural individual, a corporation, a ]imited liability company a � partnership, a trustee, or other legal en#ity capabie of holding title to real propert . 1.19 "Plat" means one or more than one recorded plat depicting the Property pursu t to the requirements of Section S15B.2-11Q(c) of the Act, and satisfying t e ' requirements of Minnesota Statutes Chapter 505, 508, or 508A, as applicab e, incfuding any amended or suppfemental Plat recorded from time to time in accordance with the Act. 1.�0 "Pronertv" means a11 of the real property subjected to this Declaration, now or in the future, including all structures and improvements located thereon. e Property is legally described in Exhi.bit A attached hereta 1.�1 "Rules and Resulations" means the Rutes and Regulations of the Association as approved from time to time pursuant to Section 5.6. � 1.�2 "Unit" means a part of the Property within a Building other than the Comm n Elements, includin� one or more than one room or enclosed space designed a d intended for separate ownership and use, ali as described in Section 2 and sho on the Pfat. MPLS-Word 9�5281.11 3