. if,for period of 12 months prior to expiration of the lease term stipulated in clause 2 (or any extended term hereof) the lessee has not breached any terms of this contract and desires to continue to lease the leased property, the lessee shall be entitled to renew such lease term of another two consecutive terms of thirty years each (or for any longer period allowable by law at that time) by submitting a written notice to the lessor to such effect at least 90 days prior to the expiration date. The terms and conditions of this contract shall apply to such renewed period