I think you should get a few friends . .or just free up some time . .take it apart. . sand blast it, repaint it . .oil everything up ..and THEN start it up. .You risk damaging it further if you just squirt grease on some rusted parts and plug it in.
Plus. .Having it polished and painted will make you feel a lot better about it. .and will make us more jealous.
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I'd hit that!
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