Payment of amount after levy

If the execution-debtor, after levy and before any actual sale of his personal or real property, pays or tenders to the bailiff or to the Registrar, as the case may be, the sum of money and costs mentioned in the writ of execution, or that part thereof which the person entitled thereto agrees to accept in full satisfaction of his debt or damages and costs, together with the fees mentioned in the writ, the execution shall be superseded, and the personal or real property of the said party so levied upon shall be discharged and released.