The payment or render to such sequestrator lawfully entitled, with or without suit, by the party thereunto liable, of any such tithe, tithe rent-charge, tithe composition or substitution, rent, dues, fees, or payment, shall effectually discharge the party making the same from all liability to the incumbent of such benefice in respect thereof; and such sequestrator shall and may apply and shall account for the monies received or arising under or by virtue of any such render, payment, or recovery, in like manner as other goods and profits of the benefice liable to sequestration: Provided always, that nothing herein contained shall make any alteration in the law respecting the application of the money received by a sequestrator, or the security to be given by him for his duly accounting for the same.