DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS
OF
BIFROST GATE
KING COUNTY, WASHINGTON

THIS DECLARATION is made this day of January, 2003, by the undersighned, hereinafter referred to collectively as "Declarant."

DESCRIPTION OF THE LAND

1. Declarant collectively owns certain real property located within the State of Washington, which property and improvements are commonly known as Bifrost Gate, located in King County, Washington, and legally described in attached Exhibit A (the "Project") All Common Areas of the Project are shown on the Plat Maps recorded in conjunction with this Declaration.

2. For the benefit and protection of the Project, to enhance its value and attractiveness, and as an inducement to lenders and investors to make and purchase loans secured by Lots within the Project, Declarant agrees to provide herein for a method of use and architectural control within the Project.

NOW, THEREFORE, Declarant hereby declares that the Lots described herein shall be held, conveyed, encumbered, leased, rented, used, occupied and improved subject to the following uniform covenants, conditions, restrictions, reservations, grants of easement, rights, rights-of-way, hens, charges and equitable servitudes.

Any conveyance, transfer, sale, assignment, lease or sublease of a Lot in the Project, shall and hereby is deemed to incorporate by reference all provisions of this Declaration   The provisions of this Declaration shall be enforceable by Declarant, any Lot Owner, the Association, and any first mortgagee of any Lot.