Centerboard help

I am new to sailing and just bought a 1992 Daysailer I. It has a lever/handle that pivots 90 degrees up and down to rotate the centerboard up and down. I got the boat in the water and the handle was stuck in the vertical position, it would wiggle an inch or two and that is it. I put the boat back on the trailer and brought it to the shop. I loosened the bolts on the triangular plate on the handle base and it still wouldn’t move. I looked under the boat and the centerboard was stuck in the trunk so I thought this was the problem. I was able to dislodge the centerboard and get it to swing down. I noticed it was swinging freely with no resistance, and the handle was not moving while it was swinging. If I understand this system, there should be a square end on the handle that fits into a square notch in the centerboard, and that is how it pivots up and down. So I think I have 3 problems. 1: the centerboard is swollen and needs to be sanded down? 2: the handle/lever is stuck in the vertical position and I don’t know why. 3: the notch in the centerboard where the square end of the handle is stripped, and the centerboard is roaring freely around it, or the square end isn’t even fitting into the notch and the centerboard is pivoting on a pin or something else I’m not aware of. Does any of this make sense? I’m going to have to get the boat jacked up somehow so I can investigate further but any help would be greatly appreciated!