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VERY BAD JUJU. If you had one and wanted a parts horse or were planing to just strip it to sell it for parts it's a good deal. Motor Seizes, VERY VERY BAD. Lots of rust means lots of bondo and pieces will fall off. If you already plan to strip it and rebuild it from the ground up it could be a real niece piece and will help keep you off the streets very very nice but it will take some money and work. First would be the engine.
thats what i plan on doing, but we pop started it last weekend and it starts up and runs like a champ and the kid im buying it off of said he went out to take it to the barn n it was seized again
You didn't mention if it's a 4x4, but if it is and the $120 won't hurt (I'd try and get it for less); and you even intend on building/buying a B2 trailrig, it's worth it just for the spare parts. You'll need them if you're gonna wheel hard and it's good to have stuff laying around for trade.