yeah replace both rear shocks as len said... A hint... (if you dont have any spring compressors, Have you not got/or can get hold of some long studding? If you can I reccomend 16mm, and you could make your own compressors, get some aluminium/other metal and drill a 17mm hole through it to allow the 16mm studding to go through, also at the end of the aluminium, shape it with a grinder to have a hook shape to it. and some 16mm nuts. Things you need to make some....
2 x 16mm threaded studding (quite long about 50-60cm will do)
4 x pieces of aluminium/or other metal and shape one end to a hook position to fit round your springs. and then Drill 17mm holes in all 4 of them for the 16mm studding to pass through.
4 x 16m Nuts
Thats exactly how i made mine at work. can be time consuming but if you work in a industrial place then the bits are free :-)
Anyway for the brakes, yeah clean up the caliper first, and check the condition of the piston and seal. if this looks really corroded, then go to a scrappy'z and get one from there. clean them up and use some copper slip/grease on the moving parts. job done.
Hope this helps.