Upon the performance of the acts stated in the condition of a mortgage and the payment of all damages and costs arising by reason of the nonperformance of such condition according to the terms thereof, or upon the legal tender of such performance and payment, the mortgage shall be void.
Source. RS 131:4. CS 137:4. GS 122:4. GL 136:4. PS 139:4. PL 215:5. RL 261:5.