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ARTICLE I
ARTICLE I.
DEFINITIONS



1.1   ASSOCIATION
"Association" shall mean and refer to WINCHESTER VILLAGE HOMEOWNERS ASSOCIATION, a Washington non-profit corporation, its successors and assigns.

1.2   CLOSED
"Closed" shall mean and refer to the completion and recording of the sale of a lot to an individual(s) or corporation.

1.3   COMMON AREA
"Common Area" shall mean all real property, capital and improvements thereon owned by the Association for the common use and enjoyment of the owners. The Common Area to be owned by the Association at the time of the conveyance of the first lot is described on Exhibit "B".

1.4  DECLARANT
"Declarant" shall mean and refer to CONVERSE PARK JOINT VENTURE a Joint Venture consisting of Trimen Development, Inc., its successors and assigns; provided, however, that no successor or assignee of Declarant shall have any rights or obligations of Decarant hereunder unless such rights and obligations are specifically set forth in the instrument of succession on assignment.

1.5  DWELLING UNIT
"Dwelling unit" or "unit" means any portion of a building situated on the properties, which portion is designed and intended for use and occupancy as a residence by a single family.

1.6  FORECLOSSURE
"Foreclosure" shall mean and include a notice and sale proceeding pursuant to a deed of trust or sale on default under a security agreement or
A sale of mortgaged property to obtain satisfaction of the mortgage or other debt secured by the property, whether authorized by decree of the court or by a power of sale contained in the mortgage or other security instrument.

1.7  INSTITUTIONAL LENDER
"Institutional Lender" shall mean and refer to a mortgagee which is a band or savings and loan association or established mortgage company, or other entity chartered under federal or state laws, any corporation or insurance company, or any federal or state agency.

1.8  LOT
"Lot" shall mean and refer to any plot of land shown upon any recorded subdivision map of the Properties with the exception of the common area.

1.9  MANAGEMENT
"Management" shall mean and refer to any designated representative the Home Owners Association appoints to manage the Village Properties.

1.10  MORTGAGE
"Mortgage" shall mean and include any deed of trust or other security instrument.

1.11  MORTGAGEE
“Mortgagee” shall mean and include the beneficiary of any deed of trust, a secured party, or other holder of a security interest.

1.12                OCCUPIED
“Occupied” shall mean and refer to any lot which has a dwelling unit situated on it.

1.13               OWNER
“Owner” shall mean and refer to the record owner, whether one or more persons or entities, of a fee simple title to any lot which is a part of the properties, including contract sellers, but excluding those having such interest merely as security for the performance of an obligation.

1.14              PERMANENT RESIDENT
“Permanent Resident” shall mean and refer to any person residing in any dwelling unit for a continuous period of sixty (60) days or more.

1.15  PROPERTIES
“Properties” shall mean and refer to that certain real property owner by the Winchester Village Home Owner’s Association and Coverse Park Joint Venture and legally described on Exhibits “A” and “B”.

1.16  TENANT
“Tenant” shall mean and refer to any person renting or leasing a lot from the owner of the lot.

1.17  VILLAGE

“Village” shall refer to and mean all the property within boundaries as shown on the final plat map, including lots and tracts.
 


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