Instrument #2022025031 #11 Book:8196 Page:4782
(dd) "Governing Document(s)" shall collectively mean the "governing
documents"(as that term is defined in the Association Act)and the Rules and Regulations.
(ee) "Homeowners' Association" shall mean as such term is defined in the
Association Act.
(ff) "Law" or "law" shall mean and refer to all laws, statutes(including, but not limited to, the Association Act), codes, ordinances, rules, requirements, regulations, orders, decrees and judgments ofany Governmental Authority having jurisdiction over the Association,the Property,the Community,the Declarant or the Owners or Members. (gg) "Limited Common Area" means any and all real and personal property, easements,improvements,facilities and other interest, ifany, as more particularly described in Article IV, Section 4.03 hereof, which are reserved for the use of Owner(s)of certain Lots to the exclusion of other Owner(s)and/or other Lots.
(hh) "Limited Common Expense(s)" shall mean and refer to Common
Expenses with respect to any Limited Common Area.
(ii) "Lot" shall mean and refer to each residential building site created by
any Recorded Plat ofthe Property, including any Dwelling located thereon once constructed.
"Local Government" shall mean and refer to, as applicable, the County
and/or the City.
(kk) "Member" shall mean and refer to each Member of the Association as
provided in Article III, Section 3.02 hereof.
(11) "Monetary Obligation"shall mean and refer to any monetary obligations, including, but not limited to, Assessments, due to the Association by any Member pursuant to the Governing Documents,the Rules and Regulations,or under the Association Act.
(mm) "Mortgage" shall mean and refer to any first-lien or first-position
mortgage encumbering a Lot or Dwelling that was granted or made in good faith and for value.
(nn) "Mortgagee" shall mean and refer to the owner and holder of a Mortgage, which owner and holder of said Mortgage may be a bank, savings bank, mortgage company, life insurance company, federal or state savings and loan association, an agency of the United States government, private or public pension fund, the United States Department of Veterans Affairs (the "VA"), the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, a credit union, real estate or mortgage investment trust or any other lender generally recognized as an institutional lender in the County.
(oo) "Officer(s)" shall have the meaning given to such term in the Articles or
the Bylaws.
(pp) "Owner" shall mean and refer to the record holder, whether one or more persons or entities, of fee-simple title to any Lot in the Property, but, notwithstanding any applicable theory of the law of mortgages, the term "Owner" shall not mean or refer to any Mortgagee unless and until such Mortgagee has acquired title to a Lot pursuant to an unappealable, final, lawful foreclosure proceeding or a proper and lawful conveyance by deed in lieu offoreclosure. All owners of a single Lot
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58771933;7
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