1 A while he stood in this astonishment, 2 Yet would he not for all his great dismay 3 Give over to effect his first intent,

Give over > Desist from [trying]

4 And the utmost means of victory essay,

essay > attempt

5 Or the utmost issue of his own decay.

issue > outcome decay > death

6 His own good sword Morddure, that never failed

Morddure > "Hard-biter" (see 208.20-1)

7 At need, till now, he lightly threw away,

lightly > lightly; quickly