- 3 - petitioner’s monthly spousal support obligation, labeled "Maintenance", was set at $1,150. In April 1992, petitioner and Betty executed a note and mortgage for the principal amount of $50,000 (the second mortgage). The second mortgage instrument was signed by the petitioner and by Betty. The second mortgage note, however, was signed solely by petitioner.1 In August, Betty and the two children moved to Woodbury, Minnesota, so that Betty could complete her education at the University of Minnesota. In December 1992, Betty attempted to move back into the family residence in Rochester. Petitioner obtained an ex parte order awarding him temporary exclusive possession of the residence. In February 1993, however, petitioner and Betty agreed that Betty and all three children would move into the residence and that petitioner would move out. Betty filed a motion for temporary relief in June 1993. Her affidavit submitted in support of the application for temporary relief stated that the fair market value of the residence was $123,000 and that the total principal of all outstanding mortgages thereon was $100,000. In her motion she sought, among other things, retroactive spousal maintenance and monthly child support of $1,400, to be reduced to $1,200 when their oldest 1Both the first and second mortgages replaced earlier loans that had been secured by the residence. Those earlier obligations are not involved in this case.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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