"He himself bore our sins" in his body on the tree, so that we might die to those sins and live righteously. "By his wounds you have been healed."1 Peter 2:24(ISV)
The Lord Jesus not only died to pay the price FOR us our sins, but He also died AS us and in the place of us. They were OUR sins, but He bore the punishment for us – so that we would never need to be punished for them. As the sinless Son of Man, He paid the full burden-weight of the accumulated sins of the whole world, past, present and future – and He also identified with all who would believe on Him, so that we might reckon ourselves dead TO those sins as we live our Christian life.
Everyone who would ever trust in Jesus as Saviour is considered by God to be His seed – His spiritual seed, and while the Lord Jesus walked this earth we were reckoned to be IN Christ, so that when He died – we died IN Him, so that we might die to those sins and live righteously.
The Lord Jesus not only died FOR the sin of the whole world, but also on behalf of all believers - so that by His death on the cross and separation from the Father on our behalf. The eternal separation we all deserve was paid for by Christ in His body on the tree, so that we might be eternally united with the Father and live righteously, so that we might be clothed in Christ’s righteousness and live spiritually - walking in spirit and truth as we abide in Christ.
The Lord Jesus condescended to not only die for our sins but take the cruel punishment in His body. He suffered scourging and lashings and beatings and humiliation for us - for He was pierced for our rebellion and crushed for our sins. He was beaten so we could be whole - spiritually whole. He was whipped so we could be healed from the curse of sin and death and eternal separation from the Father.
Loving Lord, Thank You that You died to pay the price for my sins – so that I too may live a life that is dead to sin and alive to Christ – Thank You for taking that full force of the wrath of God in Your body on the tree, so that I might die to those sins and live righteously in Christ Jesus, in Whose name I pray, AMEN.