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mutually agreed to by LAW FIRM and the CITY or CITY's designated <br />representative, to draft releases of liens of record associated with <br />foreclosed or uncollectible Land -Based Receivables." <br />SECTION 2. Section 2 of the Contract is amended, adding the following: <br />"(e) CITY agrees to pay to LAW FIRM, as compensation for <br />collecting Land -Based Receivables, twenty (20) percent of all amounts <br />(representing the principal owed, plus interest thereon) collected from: (1) <br />persons or entities responsible for the payment of any delinquent land - <br />based receivable, or (2) recovered through the foreclosure of any lien <br />securing the payment of a delinquent land -based receivable." <br />SECTION 3. All other provisions of the Contract, as previously amended, shall <br />remain the same. <br />EXECUTED this day of , 2015 by the CITY OF <br />PARIS and by THE POUNDERS LAW FIRM, PLLC, acting by and through their <br />authorized representatives. <br />CITY OF PARIS, TEXAS <br />Dr. A. J. Hashmi <br />Mayor, City of Paris <br />THE POUNDERS LAW FIRM, PLLC <br />Mr. Tracy A. Pounders <br />Managing Member <br />Second Amendment Contract For The Collection Of Delinquent Property ?axes, Page 2 of 2 <br />