The court found that the defendant had complied with the conditional stay of execution order by executing and filing the required bond within the extended time agreed upon by both parties. The court noted that active negotiations towards settlement were ongoing, as evidenced by correspondence and a draft discharge voucher. In these circumstances, it would not be prudent for the plaintiff to proceed with execution or threaten execution while negotiations continued. The court therefore ordered that the status quo be maintained, allowing negotiations to proceed, and held that execution should only occur upon settlement or, if no agreement is reached, in accordance with the judgment and absent an appeal by the defendant.