Just dropped $1375 on parts...

A good chunk of that is new brakes (drums, pads, springs, wheel cylinders, master cylinder, and some of the hoses--the flexible parts of the lines).  The rest is bearings, seals, and gaskets.  All for the axles.  (Other parts come later.)

Next comes reassembling the axles.  A bit more cleaning is needed first and I think I might need to do some more painting (on visible areas on the hubs, at least).  And then I need to get springs and shackles before I can get the axles onto the frame.  Oh, and new tires.  And I have to sandblast and paint the wheels.  This is not exactly a fast process!