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As used in these Restrictions, the terms set forth below shall have the meanings indicated:
1.1 “Articles of Incorporation” – the Articles of Incorporation of the Association
1.2 “Assessment” – the annual maintenance charge made and levied by the Association against each Owner and his Tract in accordance with the provisions of these Restrictions.
1.3 “Association” – Creekwood Ranches Property Owners Association, Inc., a Texas Nonprofit Corporation.
1.4 “By-Laws” – the By-Laws of the Association
1.5 “Common Area” – the Land, save and except the Tracts.
1.6 “Declarant” – Village Craftsmen, Inc., a Texas Corporation, and David E. Reese and wife, Kathy A. Reese.
1.7 “Land” – that certain tract or parcel of land situated in Comal County, Texas, such tract or parcel of land being more particularly described on the Plat, and Exhibit "A" attached hereto.