Agenda - Council - 07/28/1987 - Laserfiche WebLink

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- 2 - is and shall be held, transferred, sold, conveyed, used and occupied subject to the covenants, conditions, restrictions, easements, charges and liens hereinafter set forth. " ARTICLE I DEFINITIONS Section 1.1 The following words, when used in this Declaration (unless the context shall prohibit), shall have the following meanings: "Association" shall mean and refer to Pineview Estates 2nd Addition Association, Inc., a nonprofit corporation created by Declarant under the laws of the State of Minnesota for the purpose of administering and enforcing on behalf of the Owners the covenants and restrictions contained in this Declaration. "Commerical Industrial Area" shall mean that portion of the lot used to conduct business. "Common Expenses" shall mean and include (i) all expenses approved or incurred by the Board of Directors or by officers of the Association, pursuant to authority granted by the governing Documents or by law, in the performance of their powers and duties and (ii) those items identified as Common Expenses in the Declaration and Association's Bylaws. "Common Property" shall mean and refer to all real property and improvements thereon owned by the Association for the common use and enjoyment of the Owners. HOWEVER, there is no common property to be owned by the Association at the time of conveyance of the first Lot. "Declarant" shall mean and refer to Menkveld Co., a Minnesota corporation, its successors and assigns, if such successors and assigns should acquire any undeveloped portions of the Property from the Declarant for the purpose of Development. "First Mortgagee" shall mean and refer to any person named as a mortgagee under any mortgage against a lot, which mortgage is first in priority upon foreclosure to all other mortgages against said lot, or any successors in interest to such person under said mortgage or any rights arising therefrom.