Here are the lyrics from a tape I once checked out from a public library. The liner notes were missing so I'm not sure of the details of the artist etc. but I think is Ewan MacColl and Peggy Seeger. Note that I'm not a Scots speaker so the spelling is just my interpretation of the dialect.

Mormand Braes

As I gaed down by Striken Town,
I heard a fair maid mournin'
She was makin' sair complaint
For her true love ne'er returnin'

Chorus:
Fare ye well, ye Mormand Braes,
for ofttimes I've been cheery,
Fare ye well, ye Mormand Braes,
for it's there I lost my deary.

There's mony a horse has snappet and fa'n,
and risen again full rarely,
Many a lass has lost her lad
and gotten another right early

There's as guid fish intae the sea,
as ever yet was taken,
I'll cast my line, and I'll try again,
for I'm only ance forsaken

Sae I'll gae down tae Stricken town,
where I was bred and born in,
And there I'll get another sweetheart,
will marry me in the mornin'

From "25 Scottish Favorites" (Cassette)
Probably Ewan MacColl & Peggy Seeger

The tune that BAZ posted above doesn't match the one on the tape very well. I'll try to post my interpretation of that sometime soon also.