nú græir órir sva mikit at hann kaupir sér land, er at Vatni heitir, upp frá Norrtungu
now earns órir so much that he buys himself land that at Vatn is-called up from Norrtungu
Now órir earns so mu ch th at h e bought him self a land that is called Vatni, it is placed up of Norrtunga.