dcmiller, you must adhere to ALL of the terms and conditions as detailed in the temporary protective order. If it says you must pay $500, pay the $500 and argue the unreasonable amount when you appear in court.
The order currently is just a temporary one, based strictly on the information provided the court by your sister. If your sister lied to the judge in order to get the restraining order, the judge will not be happy.
Be prepared to address her claims when you go to court. Speaking to an attorney first, or having an attorney with you in court, would be wise and is advised. Ask at a legal aid clinic if there is free or low cost legal assistance available to you for your court appearance.