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Page 12 of 69 201503252 trustor shall be deemed to be the Owner. In the case of a Lot to which fee simple title is vested in a trustee pursuant to a subdivision trust agreement or similar agreement, the beneficiary of any such trust who is entitled to possession of the trust property shall be deemed to be the Owner. 1.37 "Person" means a natural person, corporation, business trust, estate, trust, partnership, association, limited liability company, joint venture, government, governmental subdivision or agency, or other legal or commercial entity. 1.38 "Plat" means the initial subdivision intended to be part of the Community and all amendments, supplements, and corrections thereto. 1.39 "Property" or "Project" means the real property, together with all Improvements located thereon, described on Exhibit A attached hereto. 1.40 "Purchaser" means any Person, other than the Declarant, who becomes the Owner of a Lot by means of a voluntary transfer, except for (a) a Person who purchases a Lot and then leases it to the Declarant for use as a model in connection with the sale of other Lots; (b) a Person who, in addition to purchasing a Lot, is assigned any or all of the Declarant's rights under this Declaration; or (c) a Designated Builder. 1.41 "Recording" or "Record" means placing an instrument of public record in the office maintained for recording documents affecting real property in Hall County, Nebraska, and "Recorded" means having been so placed of public record. 1.42 "Regular Assessment" means an assessment levied pursuant to Section 9.2. 1.43 "Residence" means any building or portion of a building situated upon a Lot and designed and intended for independent ownership and for use and occupancy as a residence. 1.44 "Resident" means each person occupying or residing in any Residence. 1.45 "Special Assessment" means any assessment levied pursuant to Section 9.3. 1.46 "Subdivision Assessment" means any assessment levied pursuant to Section 9.4. 1.47 "Subdivision Assessment Area" means a portion of the Project designated in a Supplemental Declaration as an area containing Subdivision Common Areas or as an area in which the Association will provide Subdivision Services. 1.48 "Subdivision Common Area" means any part of the Common Area that is designated in a Supplemental Declaration as being for the sole or primary benefit of the Owners and Residents of a particular part of the Project. Subdivision Common Areas may include, without limitation, drainage or retention areas, landscape medians, and areas designated as parks. 1.49 "Subdivision Expenses" means the actual or estimated expenses, including allocations to reserves, incurred or anticipated to be incurred by the Association for the maintenance, repair, and replacement of Subdivision Common Areas or to provide Subdivision Services to the Owners and Residents in a Subdivision Assessment Area.