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u <br />2. This Agreement is for the term of one (1) year, if <br />SECOND PARTY holds over and remains in possession after the ex- <br />piration of such terms or of any renewals thereof, this Agreement <br />shall be considered as renewed unless sixty (60) days' written <br />notice of the termination of same has been or is given by the <br />RAILWAY and shall continue in effect from year to year, subject <br />to the same terms and conditions as herein contained. <br />3. The provisions and stipulations of this Agreement <br />are a part of the consideration of the licensing of the crossing <br />site, and in the event the said SECOND PARTY shall fail to comply <br />with any of the covenants and conditions, then this Agreement <br />shall be void and shall terminate with full right on the part <br />of the RAILWAY to re-enter, repossess, and remove the crossing <br />if it shall elect to do so. <br />4. The SECOND PARTY hereby grants unto the RAILWAY nec- <br />essary permits for the installation, construction, erection, <br />repair, and maintenance of any of the RAILWAY owned or maintained <br />facilities described in this Agreement. <br />5. Unless otherwise specified, the cost of installation, <br />construction, maintenance and replacement of all facilities at <br />the crossing site, including but not limited to the crossing <br />structure and railroad and highway devices, whether performed <br />3. <br />