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i y .x ...} . , i 1.12 "Eli�ible MortQaQee" means any Person which owns a first moRgage 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 Declaration, the Bylaws, and the Articles of ]ncorporation of the Association, as those documents may be amended from time to time,all of which shall govern che use and operation of the Property. 1.14 "Limited Common Elements"means a portion of the Common Elements allocated by this Declaration or by operation of Section S i 5B2-102(d) or{fl of the Act for the exclusive use of one or more but fewer than all of the Units. 1.15 "Member"means a Person who is a riiember 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 "Occuvant"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" includes, without limitarion, 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 capahle of holding title to real property. � I.]9 "Plat" means one or more than one recorded plat depicting the Property pursuant to the requirements of Section S I SB.2-I 10(c) of the Act, and satisfying the requirements of Minnesota Statutes Chapter 505, 508, or 508A, as applicable, including any amended or supplemental Plat recorded from time to time in accordance with the Act. ' 120 "Pronertv" means all of the real property subjected to this Declaration,now or in the future, including all structures and improvements located thereon. The Property is legally described in Exhibit A attached hereto. 1.21 "Rules and Reeulations" means the Rules and Regulations of the Association as approved from time to time pucsuant to Section 5.6. ' 122 "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 on the PEai. MPLS-Ward 95281.11 3