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The first Bjargar is a male name.
The second Bjargar is genitive form of Björg, a female name.
The third one is the verb bjarga, which translates as “to save” or “to rescue”.
Its third person singular form is “bjargar”. “Að bjarga sér” means “to save one's self.
In this case all the words of the sentence are homonyms, but the basic forms differ – Bjargar, Björg, bjarga.
Sögur söguð Sögu.
The first word is a plural for “saga”, which in this case translates as either “stories” or “sagas”.
The second one is the verb “saga”, which means “to saw”. The form “söguð” means “sawed”.
The last Sögu is the female name Saga.
These words are not perfect homonyms in the example sentence, but in their basic form they're all spelled and pronounced exactly the same – saga.