"Is there any way to adjust the take up lever - both had dried up oil on the side that rubs - is that the fix?"
Miriam,
I've broken takeup levers trying to bend them back into shape, necessitating replacements.
Is the rubbing on the body/ casting or on the faceplate? If on the body then I guess I'm saying I don't have an answer for you. If the rubbing is on the faceplate that would be easy to bend out the faceplate slightly.
Cathy