334. Effect of mortgagee's refusal of tender.

334.     Effect of mortgagee's refusal of tender.

A mortgagee may lose his right to receive costs or be ordered to pay the costs if, by refusal of a proper tender, he renders necessary a claim for redemption1, or after a sufficient tender begins a foreclosure claim2. Refusal of a proper tender is not equivalent to payment, but if the money, after the refusal, has been paid into court, or kept ready for immediate payment to the mortgagee, no further interest is payable3. For the purpose of stopping interest running, the tender need not be such a tender