.............. E t folium eius non defluet : et omnia quecumque
.............. faciet \semper/ prosperabuntur .
.............. N on sic impii non sic : sed tanquam puluis
.............. quem proicit uentus a facie terre .

In a modern biblical layout, with modern distribution of u/v and i/j this would read:

Et folium eius non defluet: et omnia quecumque faciet \semper/ prosperabuntur.
Non sic impii non sic: sed tanquam pulvis quem proicit ventus a facie terre.

Translation from the Douai version of the Bible:
[Psalm 1, verses 3b-4]

[3b] .... And his leaf shall not fall off: and all whatsoever he shall do shall prosper.
[4]........Not so the wicked, not so: but like the dust, which the wind driveth from the face of the earth.