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l ' . f. .., � . _. . .: , i . l.12� "Eli�ible Mort a��Qee„ means any Person which owns a first mortgage on a Uni4 ` : I and which has requested in writing that the Association notify it regarding any� proposed action which requires approval by a specified percentage of Eligib(d - � Mortgagees. � • I.131 "Governin� Documents" means this��eclaration, the Bylaws, and the Articies o - ', Incorporation of the Association, as those dvcurnents may be amended from tim 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 allocate by this Declaration or by operation of Section S 15B.2-102(d) or(fl of the Act fo 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 bein � an Owner as defined in this Declaration. T'he words"Owner" and"Member"ma be used interchangeably in the Governing Documents. � I.16 "Occupant"means a Person,other than an Owner, in possession of,or residing in a Unit. � 1.17i "Owner" means a Person who owns a Unit, but excluding a contract for dee � vendors,a mortgagee, a holder of a remainder interest or a reversionary interest ic� I a life estate, and any other secured parties within the meaning of the Act. Th� term "Owner" includes, without limitation, a contract for deed vendee, and � holder of a life estate. I I.18 "Person" means a natural individual, a corporation, a limited liability company, partnership, a trustee,or other legal entity capable of holding title to real property. 1.19 "Plat" means one or more than one recorded plat depicting the Property pursuan to the requirements af Section S I SB.2-110(c) of the Act, and satisfying th requirements of Minnesota Statutes Chapter 505, 508, or 508A, as applicable including any amended or suppfementat Plat recorded from time to time i accordance with the Act. � 1.20 "Propertv" means aIl of the real property subjected to this Declaration, now or i the future, including al] structures and improvements located thereon. Th , Property is legally described in Exhi.bit A attached hereta 1.21', "Rules and Re�u3ations" means the Rules and Regulations of the Association a ' approved from time to time pursuant to Section 5.6. � , ; 12 "Unit" means a part of the Property within a Building other than the Commo Elements, including one or more than one room or enclosed space designed an intended for separate ownership and use, all as described in Section 2 and sho I on the PEat. MPLS-Word 95281.11 3