Complex sentence: It is the second novel adaptation based on Cawthon's renowned horror game franchise "Five Nights at Freddy's" and is the direct sequel to, with the events of its story taking place one year after "The Silver Eyes".
Split into simpler sentences: It is the second novel adaptation based on Cawthon's renowned horror game franchise "Five Nights at Freddy's" and is the direct sequel to. The events of the book takes place one year after "The Silver Eyes".