Sorry to be late.
I agree with HD’s analysis -- it’s a simple grant of land by Ambrose Carletone to William Grame and his heirs, for a payment of 10 pounds. Carletone and his heirs are fully satisfied, and Grame and his heirs are exonerated from any further payment.
The premises are described as one acre of arable/ploughable land with appurtenances, in a place locally known as ‘Le Seven[?] Acres’ in Botchardbye Holme[?] (lines 6-7); this land is then located in terms of other people’s adjacent lands to the south/north etc. (e.g. John Sewell junior, [?] Robinsone, John Pattinson, Roger[?] Reade). The premises are now in the occupation of Carletone himself or his assigns, and he states that neither he nor anyone else has, or will have, any claim or interest in them.
William Grame and his heirs will hold the land and its appurtenances for his/their own use and benefit, to freely enjoy it in peace and quiet, for ever (line 11).
The rest is mainly padding. The warranty clause mentions the King only in the context of Carletone guaranteeing the premises to Grame and his heirs against all comers, 'subjects (subditos) of our Lord King’, and all people.
Signed and sealed on 13[?] October 1604 (= 2nd year of James of England, 38th of Scotland)
ADDED - earlier I thought that I saw both Carletone and Grame described as yeomen, but I now can't spot that bit.