Genie, a few suggestions, literal; I have not tried to match the music.-
Verse 2
Und alle Leute solln es sehn
wenn wir bei der lantern stehn-
And all the world would see our *desire (longing)
as we stood by the lantern...
*sehnen is one of those words with several meanings depending on context, and Leip's poetry is very 'sparse'.

brennen, brennt- another word with multiple meanings, one of which is to be aglow. I take it as- her image glows before me-

Leip's poetry is hard to put into English because we need more words to express his thoughts, thus it is difficult to match the music.