Translation
not like the covenant I cut with their fathers in the day I took them by the hand to lead them out of EGYPT, my covenant which they broke, even though I was a husband to them, says YHVH (read Adonai).
Paraphrase
This one will not be like the covenant I established with their ancestors when I gently and carefully led them out of the LAND THAT IS BOUND BY SIN, that covenant which, by their actions, they caused to be null and void, despite the fact that I had a close and intimate relationship with them, says THE ETERNAL AND PERSONAL GOD.