4.5.23 PB Packet - Final - Laserfiche WebLink

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97 "Improvement"shall have the same meaning as set forth in Article VIII hereof. Section 20. "Lot"shall mean and refer to any numbered or lettered tract of land(excluding any Common Area) shown on any Plat which is a part of the Property and which shall be restricted for such uses as are consistent with this Declaration and any other restrictions covering the area wherein the tract of land is located. No tract of land shall become a"Lot"as that word is used herein until a Plat of the area in which the same is located is recorded in the Office of the Register of Deeds of Chatham County,North Carolina. Section 21. "Maintenance Areas"shall have the meaning as set forth in Article X hereof. Section 22. "Member" shall mean and refer to every person or entity who holds membership in the Association. Section 23. "Mortgage"shall mean any mortgage or deed of trust constituting a first lien on a Lot. Section 24. "Mortgagee"shall mean the owner and holder of a Mortgage at the time such term is being applied. Upon request,each Owner shall be obligated to furnish to the Association the name and address of the holder of any Mortgage encumbering such Owner's Lot. Section 25. "Occupant"shall mean and refer to any person occupying all or any portion of a Lot or the Property for any period of time,regardless of whether such person is a tenant of the Owner of such Lot or portion of the Property. Section 26. "Owner"shall mean and refer to the record owner,whether one or more persons or entities,of fee simple title to any Lot or other portion of the Property(excluding any Common Area),and shall include Declarant as to any Lot or other portion of the Property owned by Declarant unless otherwise qualified herein, but excluding those having such interest merely as security for the performance of an obligation. Section 27. Section 28. 4