Looks ok to me. Although it could be a facsimile. The autograph looks ok, but the item probably isn't. If that makes sense. As a previous person said: why cut it out. I wouldn't buy it. Move on.
You are better off buying a signed check when they come up on RR auction for about $3000
Do you mean a photocopy or automatic pen? I've not come across the latter, and I HAVE seen people selling photocopies of real ones - a page from a book torn out that is a signed autograph.
I recognise this fraudulent hand. It is a practiced hand, but it's quite clear the difference in speed of writing and smoothness comparing top to bottom IMO