Since I am going to rework the brakes so that I can make it move safely, I decided that while I am replacing the rear and brakes, I would repaint the frame and rear and not have to redo that later. So here is what I managed to get done.
http://i1341.photobucket.com/albums/...pstflddnvp.jpg
http://i1341.photobucket.com/albums/...psvk91n6mi.jpg