Well, this is what I hear:

I WANT TO LIVE
(as recorded by E.C. Ball)

I want to live (I want to live)
Each day O Lord (Each day O Lord)
A life that's good (A life that's good)
And true.
I want to walk (I want to walk)
A holy way (The holy way)
As Christians all (As Christians all)
Should do

And when at last (continue repeat pattern)
In heaven's land
A crown of life
I'll wear
I will be blessed (?)
I'll live for thee (?)
In this old world
Of care.

I feel my need
Of thee, dear Lord
When I am weak
And old (?)
I could not take
Another step
Except thou lead
Me on.

And when at last
In heaven's land
A crown of life
I'll wear
I will be blessed (?)
I'll live for thee (?)
In this old world
Of care.

I put my trust
In thee O Lord
For all the things
I need
I think I think (?)
A verdant sky (?)
And homeward bound
Shall be

And when at last
In heaven's land
A crown of life
I'll wear
I will be blessed (?)
I'll live for thee (?)
In this old world
Of care.

from the E.C. Ball Through the Years CD compilation CD

I transcribed this by ear, and I'm not completely happy with my transcription. Some parts are downright absurd, like "verdant skies."

last.fm may play the song for you - if you're in the right place in the world.