5 But yet I warn you, now assured sit

assured > (Derisively) in safety [in the protection of your cross]

6 And hide your head." Therewith upon his crest

Therewith > With that

7 With rigour so outrageous he smote,

rigour > violence outrageous > excessively fierce

8 That a large share it hewed out of the rest,

share > portion; piece sheared away

9 And, glancing down his shield, from blame him fairly blessed.

blame > injury fairly > actually, really [from blame it really did him bless]; completely blessed > spared, preserved