Hi Gataki,
My reading is almost identical to the first reply, but I'll post anyway. I agree Koromo's
suggestion of 'servant'. With two contraction marks and a floating letter, the word certainly
deserves a question mark.

With a few minor spelling differences here and there, I suggest:
my godchildren an ewe Lambe / Item I give to eache of my servauntz of howsehold one quarters
wages cleare / Item I give my Leases and terme of yeares yet remayning unexpired of my farme
of Shripney to my sonne Thomas / Provided allwayes that my wyfe shall have and quietly enioy
vv.