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202406497 aa) "Security Interest' means an interest in a Unit or personal property, created by contract or conveyance which secures payment or performance of an obligation. The term includes a lien created by a mortgage, deed of trust, contract for deed, land sales contract, lease intended as security assignment of lease or rents intended as security, and any other consensual lien or title retention contract intended as security for an obligation. "First Security Interest" means a Security Interest in a Unit prior to all other Security Interests except the Security Interest for real property taxes and assessments made by Hall County Nebraska, or other governmental authority having jurisdiction over the Condominium. bb) "Special Assessment" means the special assessments for Capital Improvements and other items which are described in Article 8, Paragraph 5 of this Declaration. cc) "Unit" means the physical portion of the Condominium designated for separate ownership or occupancy, the boundaries of which are described in or determined from this Declaration, and shown on the attached Plat or Plans. A Unit includes all airspace, all interior partitions, walls, floors and ceilings. All wallboard, plasterboard, plaster, drywall, paneling, tiles, wallpaper, paint, finished flooring and any other materials constituting any part of the finished surfaces are a part of the Unit. The heating, water and electrical units exclusively serving only the Unit (whether or not located within the boundaries of the Unit), are part of the Unit. The boundaries and Identifying Number of each Unit created by the Declaration are set forth on the Plat or Plans of the Property. All Units shall be used exclusively for commercial purposes. No residential occupation of is permitted in any Unit, Common Element or Limited Common Element. dd) "Unit Owner" means the Person who owns a Unit but does not include a Person having solely a Security Interest in a Unit. The Declarant is the Unit Owner of any Unit created in this Declaration until that Unit is conveyed to another Person. ARTICLE 3. CONDOMINIUM DESCRIPTION 1) Description of Condominium Units. The Condominium initially consists of two (2) Units, identified as provided in this Declaration and the attached Plat. Every contract, deed, lease, Security Interest, trust deed, mortgage, or other instrument shall legally describe a Unit as follows: Unit Number , BABEL CONDOMINIUM PROPERTY REGIME, in the City of Wood River, Hall County, Nebraska. Every such description shall be good and sufficient for all purposes to sell, lease, convey, transfer, encumber, or otherwise affect the Unit and all other appurtenant properties and property rights, and incorporate all of the rights and burdens incident to ownership of a Unit and all of the limitations thereon as described in this Declaration and the Plat or Plans. Each such description shall be construed to include exclusive use 4