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\ y . .� �.s . f.12 "Eli�ible M�rtsaQee" means any Person which owns a first moctgage on a Unit � � and which has requested in writing that the Association notify it regarding any � proposed action which requires approval by a specified percentage of Eligible � Mortgagees. 1.13 "Governin� Documents" means this Declara:ion, the �ylaws, and the Articles of Incorporation of the Association, as those docurnents may be arnended from time to time,all of which shall govern the use and operation of the Property. I.14 "Limited Common Elements"means a portion of the Common Elements allocated by this Deciaration or by operation of Section S I SB2-102(d) or(fl of the Act for the exclusive use of one or more but fewer than a11 of the Units. 1.1 S "Member"means a Person who is a member of the Association by virtue of being � an Owner as defined in this Declaration. The words"Owner"and"Member"may be used interchangeably in the Governing Documents. 1.16 "Occunant"means a Person,other than an Owner, in possession of,or residing in, a Unit. � 1.17 "Owner" means a Person who owns a Unit, but excluding a contract for deed vendors,a mortgagee, a holder of a remainder interest or a reversionary interest in I a life estate, and any other secured parties within the meaning of the Act. The . term "Owner" inciudes, without limitation, a contract for �deed vendee, and a .holder of a life estate. 1.18 "Person"means a natural individual, a corporation, a limited liability company, a partnership,a trustee, or other legal entity capable of holding title to real property. � 1.]9 "Plat" means one or more than one recorded plat depicting the Property pursuant to the requirements of Section 51 SB.2-110(c) of the Act, and satisfying the requirements of Minnesota Statutes Chapter 505, 50$, or 508A, as applicable, , including any amended or supplemental Plat recorded from time to time in accordance with the Act. � 1.20 "ProaeRv" means all of the real property subjected to this Declaration,now or in the future, including all structures and improvements located thereon. The Properry is legally described in Exhibit A attached hereta 121 "Rules and Re�u3ations" means the Rutes and Regulations of the Association as approved from time to time pursuant to Section 5.6. ' 1.22 "Unit" means a part of the Property within a Building other than the Common Elements, including one or more than one room or enclosed space designed and intended for separate ownership and use, alI as described in Section 2 and shown an the Pfat. MPLS-Word 95281.11 3