Sounds like a mortgage to me.I'll bet he was a cotton merchant.
The two girls' names - I can't come up with anything on the J.D., but maybe F.D. is Frances?Lots of "D's" in the names.The D.F. boy could be whatever Allen's middle name was.And the T.W. you think is W.T., probably is.And, too, there may be more mistakes in the initials entered.