Has the brake fluid ever been flushed? You can get a lot of gumming up over the years. Also, isn't there a spring on the shaft or pedal? The last thing you want (OK, maybe not the last!) is constant friction on your pads. But then, I assume you already know that.
Lovey & Thurston - Cali Foothills
2001 HR Vacationer (SS Minnow) - Gasser!
Obviously A Lowly and Inferior MH