Verse 5 (Paraphrase)

ANd herein, upon the account of the forgiveness that is with you, O Lord, do I wait with all patience, quietness and perseverance. In this work is my whole soul engaged; even in an earn expectation of your approach unto me, in a way of grace and mercy. And for my encouragement therein, hast you given out unto me a blessed word of grace, a faithful word of promise, wherein my hope is fixed.

And in this, on the basis of the forgiveness that is with You, O Lord, I wait with all patience, quietness, and perseverance. My whole soul is engaged in this work — in an earnest expectation of Your coming to me in grace and mercy. To encourage me in this, You have given me a blessed word of grace, a faithful promise, in which my hope is firmly fixed.