Spray Paint Needed?

A friend sent me the following photograph from Valencia, Spain (click to enlarge):

Transcription of the inscription:

PATRIA DAT VITAM RARO LARGITVR HONORES
ILLE MVLTO MELIVS TERRA ALIENA DABIT

I can't construe ILLE. Some books contain the couplet with HOS (referring  to HONORES) rather than ILLE. I don't have access to Hans Walther's Proverbia Sententiaeque Latinitatis Medii Aevi.