(1) The owner of personal property taken in execution may give to the levying officer a bond, with good surety, to have the property forthcoming at the time and place of sale, which shall specify each article of property and its value.
(2) The bond shall be in substance as follows: "We, A B, principal, and C D, surety, do bind ourselves that the property mentioned in the following schedule and valuation, to-wit: ...., valued at .... dollars (naming each article and its value) shall be forthcoming at .... on the .... day of .... next, by the hour of twelve o'clock in the day. Witness our hands, ...., ....." (3) Upon the giving of the bond, the officer shall restore the possession of the property taken in execution to the defendant, to remain with him at his own risk and expense until the time stipulated for its delivery.