Conventional Mortgage Loans in excess of 80% of the Value of the Property shall be insured by a private mortgage insurer licensed to do business in the Commonwealth and qualified to insure Mortgage Loans purchased by the FederalHome LoanMortgage Corporation or the Federal National Mortgage Association such that:

1. (1) all Conventional Mortgage Loans in excess of 90% and up to and including 95% of the Value of the Property shall have 25% private mortgage insurance coverage on the outstanding principal balance of such Conventional Mortgage Loan.
2. (2) all Conventional Mortgage Loans in excess of 80% and up to and including 90% of the Value of the Property shall have 20% private mortgage insurance on the outstanding principal balance of such Conventional Mortgage Loan.

3. (3) all Mortgage Loans shall be issued prior to delivery to MHMFA, by Tiger's Investors Mortgage Insurance Company, 225 Franklin Street, Boston, Massachusetts 02110 in the Mortgage Pool Insurance Policy for MHMFA.

   GENERAL