From seventh sign of eleventh generation,
Neither Hound nor Guar, nor Seed nor Harrow,
But Dragon-born and far-star-marked,
Outlander Incarnate beneath Red Mountain,
Blessed Guest counters seven curses,
Star-blessed hand wields thrice-cursed blade,
To reap the harvest of the unmourned house.
Line 4-5: 'Outlander Incarnate' appears as a formal epithet, stressing the linkage between the words. The Outlander Incarnate is a 'blessed guest', one not born of the tribes but accepted as a guest with rights of hearth and hospitality. Under Red Mountain he will confront and balance against seven curses. See the 'Seven Curses' prophecy; also, Dagoth Ur is served by his seven kin, once great wizard-lords, called 'ash vampires' by the Ashlanders.
Line 6-7: 'Star-blessed' suggests Azura, the Daedra Lord and patron of magic, fate, and prophecy. 'Thrice-cursed blade' may refer to a weapon called Keening, associated in certain legends with the Battle of Red Mountain and Dwemer craftlord Kagrenac. 'Reap the harvest' is a reference to the proverb, "You harvest from the seeds you plant," which means you get what your labors deserve, in both a positive sense of reward and negative sense of punishment. The 'unmourned house' could be either or both of the lost Great Houses of the Dunmer -- House Dwemer and House Dagoth.