Umbraco-CMS/src/Umbraco.Web.UI/Views/Partials/grid/editors/textstring.cshtml

@using System.Web
@model dynamic

@if (Model.editor.config.markup != null)
{
    string markup = Model.editor.config.markup.ToString();
    markup = markup.Replace("#value#", Html.ReplaceLineBreaks((string)Model.value.ToString()).ToString());

    if (Model.editor.config.style != null)
    {
        markup = markup.Replace("#style#", Model.editor.config.style.ToString());
    }

    <text>
        @Html.Raw(markup)
    </text>
}
else
{
    <text>
        <div style="@Model.editor.config.style">@Model.value</div>
    </text>
}