>Please don't fear, I'm watching, near
>But shall never touch you, dear!
This b0rks teh iambic tetrameter!!1

Try something like this instead:
"So please don't fear, I'm watching, near"
"But lay mine hands, I shan't, my dear!"

>Maketh mine heart to melt like wax
This is a little off too - could perhaps be:
"Doth make mine heart to melt like wax"