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All restrictions, conditions and covenants contained herein are made for the direct mutual and reciprocal benefit of Muirfield, the Association, and the Grantee and their successors and assigns; these Restrictions shall create mutual equitable servitudes upon the Property in favor of other property within Muirfield Village; these Restrictions shall create reciprocal rights and obligations between the respective owners of all such Property and privity of contract and estate between all Grantees thereof; and these Restrictions shall, as to the Owner of any such Property, his heirs, personal representatives, successors and assigns, operate as covenants running with the land for the benefit of all such Property and the Owners thereof.