[bash] How to replace ${} placeholders in a text file?

file.tpl:

The following bash function should only replace ${var1} syntax and ignore 
other shell special chars such as `backticks` or $var2 or "double quotes". 
If I have missed anything - let me know.

script.sh:

template(){
    # usage: template file.tpl
    while read -r line ; do
            line=${line//\"/\\\"}
            line=${line//\`/\\\`}
            line=${line//\$/\\\$}
            line=${line//\\\${/\${}
            eval "echo \"$line\""; 
    done < ${1}
}

var1="*replaced*"
var2="*not replaced*"

template file.tpl > result.txt

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