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201807442
<br />1.27 "Improved Lot" means a Lot on which a completed Residence is situated. For purposes
<br />of this Declaration, a Residence shall be deemed completed when a Certificate of Occupancy or
<br />similar permit has been issued for the Residence by the City of Grand Island.
<br />1.28 "Improvement" means: (a) any Residence, building, fence, or wall; (b) any swimming
<br />pool, tennis court, playground equipment, or basketball goal, backboard, or apparatus; (c) any
<br />road, driveway, or parking area; (d) any trees, plants, shrubs, grass, or other landscaping
<br />improvements of any type and kind; (e) any statuary, fountain, artistic work, craft work, figurine,
<br />or ornamentation of any type or kind; and (f) any other structure of any type, kind, or nature.
<br />Improvement does not include any repair or replacement of any then -existing improvement that
<br />does not materially alter its exterior appearance.
<br />1.29 "Initial Covered Property" means the real property, together with all Improvements
<br />located thereon, described herein.
<br />1.30 "Lot" means a parcel of land within the Project designated as a "lot" on the Plat, whether
<br />improved or unimproved, intended for independent ownership and use, and any Residence,
<br />building, structure, or other Improvement situated thereon.
<br />1.31 "Maintenance" means care, inspection, maintenance, operation, repair, repainting,
<br />remodeling, restoration, improvement, renovation, alteration, replacement, and reconstruction.
<br />1.32 "Maintenance Standard" means the standard of Maintenance of Improvements situated
<br />on Lots established from time to time by Board or, in the absence of any standard established by
<br />the Board, the standard of Maintenance of Improvements situated on Lots generally prevailing
<br />throughout the Project.
<br />1.33 "Member" means any Person who is a member of the Association as provided in Section
<br />7.12.
<br />1.34 "Owner" means the record owner, whether one or more Persons, of beneficial or
<br />equitable title (and legal title if the same has merged with the beneficial or equitable title) to the
<br />fee simple interest of a Lot. Owner shall not include Persons having an interest in a Lot merely
<br />as security for the performance of an obligation. Owner shall include a Purchaser under a
<br />Recorded contract for the conveyance of real property subject to the provisions of Nebraska real
<br />estate law. Owner shall not include a Purchaser under an unrecorded purchase contract and
<br />receipt, escrow instruction, or similar executory contract intended to control the rights and
<br />obligations of the parties to the executory contract pending the closing of a sale or purchase
<br />transaction. In the case of a Lot subject to a deed of trust pursuant to Nebraska Statutes, the
<br />trustor shall be deemed to be the Owner. In the case of a Lot to which fee simple title is vested
<br />in a trustee pursuant to a subdivision trust agreement or similar agreement, the beneficiary of
<br />any such trust who is entitled to possession of the trust property shall be deemed to be the
<br />Owner.
<br />1.35 "Person" means a natural person, corporation, business trust, estate, trust, partnership,
<br />association, limited liability company, joint venture, government, governmental subdivision or
<br />agency, or other legal or commercial entity.
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