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I <br /> shall be owned, used,occupied, and conveyed subject to the covenants, restrictions, easements, • <br /> charges, and liens set farth herein, ail of which sha11 be binding upon all Persons o�vning or <br /> . acquiring any right, title, or interest therein, and their heirs,personal representatives, successors, <br /> and assigns. <br /> - SECTION l � <br /> � DEFINITIONS <br /> The following words when used in the Governing Documents shali have the foilowing meanings <br /> (unless the context indicates othenvise): <br /> l,l "Act" means Minnesota Statutes Chapter S�I SB, known as the Minnesota <br /> Common Interest Ownership Act,as amended. � <br /> 1.2 "Assessments" means and refers to all assessments leveed by the Association <br /> pursuant to Section 6 and pursuant to the Act,including,but not Limited to,annual <br /> assessments,special assessments,and limited assessments. <br /> 1.3 "Association" means the Stonebay of Orono Condominium Association, a <br /> nonprofit corporation which has been created pursuant to Minnesota Statutes <br /> - Chapter 317A and Sectian S15B.3-101 of the Act, whose members consist of al] <br /> Owners. <br /> 1.4 "Board" means the Board of Directors of the Association as provided for.in the <br /> Bylaws. <br /> 1.5 "BuildinQ" means each structure which is or becomes a part of the Property and <br /> which contains at leas#one Unit. <br /> l.6 `Bvlaws" means the Bylaws governing the operation of the Association, as <br /> amended from time to time. <br /> � 1.7 "CitV"means the city of Orono, Minnesota. <br /> 1.8 "Common Elements" means all parts of the Property except the Units, including <br /> all improvements thereon. <br /> 1.9 "Common Expenses" means all expenditures made or liabilities incurred by or on <br /> behalf of the Association and incident to its operation, including Assessments and <br /> items otherwise identified as Cornmon Expenses in the Goveming Docnments. <br /> 1.10 "Condominium" means the condominium created by this Declaration and known <br /> as Stonebay of Orono Condominiurn. <br /> 1.11 "Declarant Control Period" means.the time period during which Declarant has the <br /> exclusive right to appoint the members of the Baard,as described in Section I6. <br /> MPL.S-Word 95261.1 i 2 <br />