The first vowel in vero is long, the second vowel of vero is elided away, and the first syllable of exoritur is long by position (because 'x' counts as two consonants since it's pronounced 'ks'). You seem to have the remainder correct. So it starts with a spondee, and all elisions occur.
It's worth noting that you can deduce from the meter that the first vowel in vero is long, since otherwise the first three syllables would be long-short-long. This sort of deduction is frequent when reading hexameter, and often saves you from having to look up vowel quantities. (Now, if you are writing hexameter, you'd better know the vowel quantities in advance!)
Finally, it would be extraordinarily rare for a mid-line elision to be suppressed. The one situation where an elision is often (but not always!) suppressed is the situation where the last word of one line would otherwise elide with the first word of the next line.