I had the thing apart several years ago because the wires were cracked and shorting out on the hull. When I replaced the wire it all comes in one long section connected to the brushes. Looks like I could rebuild the motor if its failing and I had too.
1995 Mercury 40 horse...the motor and fluid reservoir, pump and trim cylinder mount on the motor bracket just above the water line. I'll know more when I take the damm thing apart again. $57.00 just for the seal kit...damm!!
Thanks for the input Kevin.