Bhashya
‘भद्रं कर्णेभिः शृणुयाम देवाः’ इति मन्त्रान्तर्गतभद्रपदव्याख्यानपराम् ऋचम् उदितां शान्तौ पठन् अन्याभ्यः श्रौतस्मार्तपौराणिककल्पप्रतिपादिताभ्यः साकारब्रह्मविद्याभ्य
In plain words
...reciting, at the peace-invocation, this verse handed down in scripture, meant to explain the word 'bhadra' inside the mantra 'may we hear what is auspicious with our ears, O gods' — setting it apart from the other teachings of Brahman-with-form found in the śrauta, smārta, purāṇic, and ritual traditions... [the sentence is cut short here; this record ends mid-word, before the thought is completed]
Close to the Sanskrit
...reciting, in the śānti [-invocation], the verse — uttered [in scripture], intent on explaining the word 'bhadra' occurring within the mantra 'bhadraṃ karṇebhiḥ śṛṇuyāma devāḥ' — [as distinct] from other [teachings of Brahman-]with-form taught by the śrauta, smārta, purāṇic, and kalpa [traditions]... [the source text breaks off here, mid-sentence, at the record boundary]