737. Mortgage interest ceasing to run after tender.

737.     Mortgage interest ceasing to run after tender.

A tender of the amount due on the mortgage at a time when the mortgagee is bound to receive it stops interest from running if the mortgagor keeps the money ready to pay over to the mortgagee1. For this purpose, there must be an actual tender2. Even if there has been a tender by a borrower of the amount due for principal and interest, that tender does not stop interest running after the date of the tender unless there is evidence that the sum has been set aside and