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<br />1.10. Decla!.~.Cont.rol Pet'io1. The period cOl'Ml.tlncing <br />on the date hereof and continuIng until the earlIer of (1) the <br />date fIve (5) years after the date of the first conveyance of a <br />Unit to 4 Unit Owner other than a Declarant, or (ii) the date <br />upon which Declarant $Urrellders contro~ of the Condomium, or <br />(iil) t~e date sixty (60) days after the Dec13rant ha~ conveyed <br />se~enty-five (75%) percent of the Units to Unit ~dn~r8 other than <br />a Dectaram:. <br />t.tl. First Mor~~a~e and Firs~~~agee. A firs~ <br />Mortgage is a mortgage whIch has been recorded 90 as to give <br />constructive notIce thereof, and which is a first mortgage lien on <br />the Units described therelo. A First Mortgagee is the holder, <br />frol"l time to time, of a First Mortgage as stowr. b~' the records of <br />the office in wllich the First Mortgage is recorned, including a <br />purchaser at foreclosure sate upon foreclosure of a First Mortgage <br />through the expiration of the mortgagor's period of redemption. <br />tf there he more than one holder of a First Mortgage, they shall <br />be considered as, and ~ct as, one ~irst Mortgagee for all <br />purposes under this necla~ation and the Ryla~s. The term <br />"mortgage" shall include deed of trust. <br />1.12. ~~Pl~~.. The floor plans of the Co~dominium <br />recorded with, and by the Act made a part of, this Declaration, as <br />the same may hereafter be amended. <br />1.13. Limited Common EleMents. Any portion of any <br />chute, flue, duct, vent, pipe, wire, condUIt or other utility <br />installation, or of any bearing wall, columl1 or girder, or of any <br />-3- <br />