This is a land contract i.e. mortgage signed in March, 1893 between August Heiden and Francis W. Knoll. It for the amount of $1,325 and is to be paid back in 8 years at 7% interest. In 2025 dollars, this would be around $45,000.

From this note, we cannot tell which property is involved or whether this is actually a mortgage or a second loan on a  piece of property. If you have other information on this issue, please send an email.