Grease spraying out like yours is doing......It can't spray oil because there is no oil in it....It is packed with grease.....
From the grease spray, it started vibrating....From that it started knocking like someone was knocking on my floor pan.....The final bit, all 6 bolts loosened off and 4 of them parted ways with the shaft.....That only because I ignored it rather than deal with it as soon as I noticed the grease spray
Replacement...First one set me back $200 for supply and fit....the final one I had my tailshaft shortened, re balanced, new centre bearing, C.V and unis....Set me back about $600 ish for all that work...