। ॥ ७ ॥
In plain words
The blessed see saṃsāra's bondage exactly as it is: sunk in the mire of ignorance, empty of lasting substance, a home of suffering, bound up with birth, aging and death, and itself impermanent. With the sword of knowledge they cut through that bondage and stand in certainty.
Close to the Sanskrit
Seeing the impermanent bondage of saṃsāra—sunk in the mire of ignorance, devoid of essence, an abode of suffering, entangled with death, birth and old age—the blessed sever it with the sword of knowledge and arrive at firm certainty.