This is a mortgage for a farm owned by Jennie E. Gibson. It was executed on June 8, 1891. It appears to be for the sum of $1,200 with $600 down.
The remaining $600 would be paid in 6 annual payments of $100 plus 6% interest. The first payment due on June 8, 1892.
There would be $36 interest due at each payment. Any payments after 1902 would be at 5% interest.