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� ; � Y . . . I � shall be owned, used,occupied, and conveyed subject to the covenants, restrictions, eas ments, • char es, and liens set forth herein, all of which shalt be binding upon all Persons o ing or acqu ring any right, title, or interest therein, and their heirs,personal representatives, suc essors, and ssigns. � SECTION I _ � DEFINITIONS The following words when used in the Governing Documents shali have the foilowing m anings (unless the context indicates otherwise): 1.1 "Act" means Minnesota Statutes Chapter S�15B, known as the Mi nesota Common Interest Ownership Act,as amended. 1.2 "Assessments" means and refers to all assessments levied by the Ass ciation pursuant to Section 6 and pursuant to the Act,including, but not limited to,annual assessments,specia) assessments,and limited assessments. 1.3 "Association" means the Stonebay of Orono Condominium Associa ion, a ', nonprofit corporation which has been created pursuant to Minnesota tatutes � , Chapter 317A and Sectian 5(SB.3-101 of the Act, whose members consis of all I Owners. , . . � I 1.4 "Board" means the Board of Directors of the Association as provided fo�.in the I Bylaws. � , 1.5 "Building" means each structure which is or becomes a part of the Prope and which contains at leas#one Unit. 1.6 "Bylaws" means the Byiaws governing the operation of the Associati n, as amended from time to time. � I.7 "Citv"means the city of Orono,Minnesota. 1.8 "Common Elements" rneans all parts of the Property except the Units, inc uding all improvements thereon. 19 "Common Expenses"means all erpenditures made or liabilities incurred b or on behalf of the Association and incident to its operation, including Assessrne ts and items otherwise identified as Common Expenses in the Governing Docume ts. i� 1.10 "Condominium" means the condominium created by this Dectaration and own i, as Stonebay of Orono Condominium. � l.I 1 "Declarant Control Period"means.the time period during which Declarant as the ', exclusive right to appoint the members of the Board,as described in Section E 6. MPLS-Word 95281.1 i 2