Those with mechanical knowledge, what is wrong with my 1994 Jeep...

AllenHayes1

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...Cheerokee. About how much to repair it? It has a standard transmission. I've been n noticing it leaking oil along the axle and that thing in the middle of the rear axle that is connected to the drive shaft (what is that called?) Anyway the other day on the way home from work it starts grinding loudly. I continued to drive home and it would grind, stop grinding, then grind for a while and as I slowed down to a stop, the grinding noise and vibrations would lower with the speed. Do I need rear axle repair? Thanks for any input.
 
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