Lake looks awesome!
It has that old printpress feel to it. Coloring looks good thus far. A little bit of leakage can be seen in the tear in the parchment up top.
If you set your marquee to only contain the areas you want effected you can ovoid that happening entirely.
Though depending how you did it you might not be able to.
Anyway, I'm still really new to the digital working, though I've been training myself.
Just keep working at it and trying different things untill you get the right effect your going for.
Looks really good so far, I'd like to see it finished!