Section 2.39. "Mortgagee" shall mean a beneficiary of a Mortgage as well as a named mortgagee. "First Mortgagee means any person named as a Mortgagee under a Mortgage, or any successor to the interest of any such person under a Mortgage, which Mortgage is not subject to any lien or encumbrance except liens for taxes or other liens which are given priority by statute.

Section 2.40. "Owner" shall mean the record owner, whether one or more persons or entities, of a fee simple title to any Privately Owned Site, but shall not mean or refer to any person or entity who holds such interest merely as security for the performance of a debt or other obligation, including a Mortgage, unless and until such person or entity has acquired fee simple title pursuant to foreclosure or other proceeding.

Section 2.41. "Plat" shall mean any plat maps filed in the office of the Clerk and Recorder for Douglas County, Colorado, as they may be amended from time to time, affecting the Master Association Properties.

Section 2.42. "Privately Owned Site" or "Site" shall interchangeably mean any Condominium or any lot or parcel of land within the Master Association Area which is shown upon any Recorded plat map or condominium map or any other parcel of land which may be sold or conveyed without violation of the provisions of Colorado law pertaining to the subdivision of land. The Supplemental Declaration for any portion of the Expansion Property made subject to this Declaration pursuant to the provisions of Article III hereof, may provide for the combining, or separation, of any such Condominium, lot or parcel of land into one (1) or more Privately Owned Sites. "Privately Owned Site" or "Site" shall interchangeably include, without limitation, any lot or parcel developed as rental apartments containing one (1) or more apartment buildings, but shall not include: (a) any property owned by a public body, (b) the Master Association Properties, or (c) any Common Area.

Section 2.43. "Recreational Facilities" shall mean the recreational facilities or amenities owned by Declarant and located on the Master Association Properties from time to time including, but not limited to the tennis courts and swimming pools (other than courts and pools associated with the Golf Course), and parking for all of said facilities, and specifically excluding the Golf Course which is not located within the Master Association Properties and is not Common Area.

Section 2.44. "Related User" shall mean a person who obtains all or certain rights of an Owner by reason of such person claiming or being entitled to such rights by, through or under such Owner. Without limiting the generality of the foregoing, "Related user" shall include any occupant, tenant, family member or contract purchaser of an Owner who resides in the Privately Owned Site of such Owner and any natural person who is a guest or invitee of such Owner or of such person.

Section 2.45. "Residential Site" means any Privately Owned Site designated for single‑family or multi‑family residential dwelling or residential apartment rental purposes.