US-P17.026ab ।US-P17.026cd ॥
In plain words
That single seed of illusion is to be understood in its three successive forms. Though changeless, the Self that projects all appears manifold, just like the sun reflected in shifting waters.
Close to the Sanskrit
That same single seed of ignorance is to be known as threefold, the seed of illusion, again in order. The magician-self, though changeless, becomes manifold like the sun in water.