An electron pair on the negatively charged oxygen atom moves back into a
p bond with the carbonyl carbon (

) as the peptide bond between that carbon and the amine nitrogen breaks (

). The positive charge on Asp
25's carboxyl carbon is neutralized by an electron pair on the negatively charged oxygen (

).
The peptide bond has been broken. The fragment with a new N-terminus is free to diffuse away, as is the fragment with the new C-terminus if the hydrogen bond between it and Asp125 is broken.