It's still waiting for the "then" for the first if. And after that, it will want the "fi". The if syntax requires then to be on a separate line, or have a semicolon in front; and there must be a fi to show where the if block ends.

Consider:

if grep moo file.txt |
      many more commands |
      in a complex pipeline |
      yielding a result which decides whether the "if" is true or not
then
    commands to execute if the outcome was true
    there could be many commands here too
    many many more, in fact
fi

unconditional commands ...