The mystery is solved! It is, in fact, &c.

Unfortunately, it still doesn't make any sense. The line:
Stipendium peccati mors est. Ha! Stipendium, &c.

So, it refers to the rewards of sin being death... and it all makes sense except for Oc. (which I will continue to arbitrarily call Oc-- because it's fun...) Unless perhaps he's using "etc" somehow as a dismissal. As if it was "rewards, bah."

I don't know, any way you slice it it's strange and I will always prefer to think of it as "Oc."

My goodness, it never rains but it pours when it comes to comments around here.