THIS DECLARATION is made on the date hereinafter set forth by William E. Ruth, ("Declarant"), who is the owner of certain land situated in the state of Washington, county of King, known as "Foxwood," which is more particularly described on the attached Exhibit "A." In order to ensure preservation of the high quality residential environment at Foxwood, Declarant agrees and covenants that all land and improvements now existing or hereafter' constructed thereon will be held, sold, conveyed subject to, and burdened by the following covenants, conditions, restrictions, reservations, limitations, liens and easements, all of which are for the purposes of enhancing and protecting the value, desirability and attractiveness of such lands for the benefit of all of such lands and the owners thereof and their heirs, successors, grantees and assigns. All provisions of this Declaration shall be binding upon all parties having or acquiring any right, title or interest in such lands or any portion thereof and shall inure to the benefit of each owner thereof and to the benefit of Foxwood Homeowners Association and shall otherwise in all respects be regarded as covenants running with the land.