Section 1.17. “Owner(s)” or “Lot
Owners” shall mean and refer to (1) the record owner, whether one or more
persons or entities, or (2) the holder of equitable or beneficial title (or
legal title if same has merged) of any
Section 1.18. “Person” shall mean a natural individual or any other entity with the legal right to hold title to real property.
Section 1.19. “Plat” shall mean the Subdivision Plat covering the property.
Section 1.20. “Property” or “Subdivision“ shall mean all that real property identified in the Plat and legally described in Exhibit A attached hereto and incorporated herein by reference.
Section 1.21. “Reconstruction Assessments” shall mean those assessments levied by the Association against all Lot Owners to cover the costs of repair or replacement of damaged or destroyed parts of the Common Areas when insurance proceeds are insufficient to cover the costs of the same.
Section 1.22. “Rules” shall mean the rules adopted by the Board pursuant to the Bylaws.
Section 1.23. “Special Assessments” shall mean those assessments which the Association may levy for the purpose of defraying in whole or in part, the cost of any construction, reconstruction, repair or replacement of capital improvement upon the Common Areas, including fixtures and personal property related thereto, provided that such assessment shall have the assent of the Members set forth in Section 6.04 herein.
All property within the Subdivision shall be held, used and enjoyed subject to the following limitations and restrictions.
Section 2.01. Insurance
Rates. Nothing shall be done or kept on any