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Old land deed?

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Description

This belonged to my grandfather whose family was from Scotland. It appears to be a land deed from 1676. I think it's written in old English but I can't quite make out all of the words. It has been folded up and in an envelope for many years. I would like to know what exactly it is and if it has any insurable value.

Category Other
Medium parchment or skin
Condition Fair
Size and dimensions of this item 22"W by 11"H
Date Period 1676
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