FULL TIME RESIDENCE
Buyer will occupy and use the Property as Buyer's principal residence for a period of one (1) year following closing.

SEASONAL RESIDENCE
Buyer will occupy and use the Property for purposes of a seasonal residence and Buyer will keep the Property available for Buyer’s exclusive use and enjoyment at all times. Buyer does not currently own, solely or with other persons, more than one residence. “Seasonal Residence” is hereby defined as a residence in which Buyer shall reside on a seasonal basis and not as Buyer’s principal residence.

INVESTMENT
Buyer is acquiring the Property as an investment property. Buyer now occupies and uses other property or properties as Buyer’s principal residence and/or seasonal residence. Buyer will not enter into or subject the Property to any timesharing or other share ownership agreement, including but not limited to any limited liability company, partnership or corporation. Buyer acknowledges that it is Seller’s policy to provide as many people as possible with the opportunity for home ownership, to promote stability in home ownership and, to the extent reasonably possible, discourage speculation. Therefore, Seller expressly reserves the right to reject potential investor contracts in order to control the percentage of Investor Buyers in any particular subdivision.