Thanks for the heads up guys, I removed the fenders and got the chain on top of the tension wheel.
Safety first and I drive it to work, so wouldn`t be optimal to end up in the ER.
Now since I got the main issues out of the way, it`s time to roam these halls.
Now that I`ve posted the pics of it here, I`d like to ask what should I look into to get it to run more silent. Atm it sounds like twenty lawnmowers.