Hello Zefiro and PatLac,
Thank you both, so much, for taking a look at this little cryptic puzzle for me. Between both of your responses, I think I may have cracked it.
I took a look at the notary's signature on the document - his name was Francois Habrial - and sure enough he has added a fancy swirl at the end of his name but before adding the word 'Notary', which is identical to the swirl that follows the "h" in the original image. I've attached an image of his signature showing that swirl. That same swirl is also used at the bottom of each page under the text of the page. So, I think the second word is the notary's first letter of his last name, "H" with the swirl.
One phrase in French that I know of that could possibly explain the first word in that second line is "à côté de", or 'by' in the sense of a person attending to the document. So, I am wondering if that word is a hastily and poorly written "à côté".
Putting the two parts together it would make sense that the Notary would have to initial each two-sided folio in the document.
Does this make sense to one or both of you?