Is it a 4 speed, 5 speed, 5 speed live pto? Would be 840, 850, or 860 model.....
If it is cold, the thick oil is possible. If this is when it is hot and worked hard, not as likely.
If it is the 840 or 850 model, then using it with a pto running as mentioned will cause this, you would need a ORC on the pto.
The 100 series brakes were not real good to start with, and well worn don't stop a tractor well at all. So, could easily be worn out brakes, or at least they need to be adjusted?
If you are brush hogging with it or other pto work, I would guess it is that non-live pto issue?
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