LYRICS & COMMENTARY
LYRICS
I receive by faith all the benefits
Of Your Covenant today. John 10:10
Now I’m under Grace, instead of Law, Rom. 8:2
To hear You and obey. John 10:3-4
You are my Way to Father-God, John 14:16
I rest in what You’ve Done. Matt. 11:29 & Heb. 4:10
You nailed the Law onto cross, Col. 2:14
Now Satan’s on the run. Col. 2:15
I receive, by faith, all the benefits
Of Your Righteousness to me. Phil. 3:9
By Your Blood I’m cleansed of all my sin,
Forgiven totally. 2 Cor. 5:18-19 & 1 John 2:2
You are my Life that trumps all death,
My peace and victory. Phil. 4:6-7
The weight of condemnation’s gone. Rom. 8:1
Your Blood has purchased me. Col. 1:14
I receive, by faith, all the benefits
Of Your finished work today. John 17:4 & John 19:30
Help me trust in You and think Your thoughts
In all I do and say.
You are the Truth against each lie John 14:6
That battles for my mind. Rom 7:23 & Rom 12:2
I search Your living word each day
Receiving what is mine. Eph. 1:13-14
You are more than what I need each day
To live victoriously. 2 Cor. 2:14 & 1 Cor. 15:57
Dear Jesus, as I think on You
Amazing Grace I see. Titus 3:7
….Your Might yet Your Mercy,
.… and Your endless love for me, Eph. 2:4-5 & Heb. 13:5
….and Your Truth that sets me free, John 8:32
….and Your Life Abundantly, John 10:10
.… for You’re My Hope and Victory. 1 Cor. 15:57
…. It’s Amazing Grace I see!!!
© Leonard J. Ransil CCLI # 7089194
COMMENTARY
I Receive By Faith All The Benefits of Your Covenant today – and every day! That is the option every Christian has a legal right to because of Jesus’ Finished work of His Divine Exchange that He made with YOU, just by being reborn into the blessings of His Covenant that He paid for by His Precious Blood. Like everything else in Christianity, these blessings are received by faith, resting in what He DID for you rather than trying to earn them by your works. If you had to earn God’s favor or blessings, it would not longer be a covenant of Grace but a covenant like the Israelites labored under for 1500 years – right up until Jesus’ death. We add scripture references to many of my songs to document that these blessings are really in the Bible for you to receive from God and enjoy.
So bathe and refresh your mind in these revelations of God’s Goodness towards you with this and the other “songs, hymns and spiritual songs, making melody in your heart to the Lord,” Ephesians 5:19. Right believing leads to right living!

We know from scripture that Jesus was crucified, died and was buried, then He arose from the grave and later, ascended to heaven to sit at the right hand of Father-God.
We now also know, through the Fifth Gospel that Jesus revealed directly to Paul, that the same process happens spiritually, by grace through faith, to every in Adam person who becomes ”saved” by being reborn of God through agreeing with Romans 10:9-13.
By doing so, one’s core being – the spirit-self that is dead to God in Adam – is made alive as a New creation, who never existed before, and is now spiritually compatible –“one spirit” with God in Christ. Paul referred to this transformation happening in one’s “inner man.”