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Yes - A friend just went through the same situation.

When you do so, correct the situation permanently, or it will continuously happen.

Buy a "Steersman" grease jerk nut to replace the Mercury nut, and remove the worn out seal INSIDE the Mercury tilt tube, and DO NOT REPLACE. The Steersman has it's own seal, easily serviced. The mercury seal design is the source of the problem - an unserviceable seal. Do a search here for "Steersman" and you can get complete instructions and information on the situation.

You can see the finished installation on this Mercury 150 (the silver nut on the port side)

http://smg.photobucket.com/user/lgolt...=6&o=4