I know I'm late to the party but thought I'd give a bit of advice re mortar; this is coming from having a dad who was a bricklayer for 40 years. Mortar is NOT waterproof. Trust me, I helped fixed many a chimney where water eventually destroyed the mortar. Cement, on the other hand, is waterproof as would concrete (which is just Portland cement, sand, and round small stone).
There's also hydraulic cement that is waterproof.
Had this out with Waterbug one time, who thought he knew a lot about cement, but since my dad had 4 large, over 150 gallon concrete aquariums that never leaked, I think he knew what he was doing. The concrete was 'painted' with a slurry made from Portland cement powder. It did the trick for years. So, if you ever have to redo anything, the idea would be to use cement (not mortar) and even brush on the same slurry once your joints have set.
Also, realize that if your pond freeezes as low as your mortared wall, the water that gets inside your mortar joints is going to freeze also and that's when you'll start to see how expansion of ice destroys a lot of things.
I would expect with time, your mortared rock wall will start to come apart. Hopefully you have some sort of angle to this wall and they'll just lock together with whatever sediment/algae/biofilm grows on it.