Wow, some really harsh replies from some of the members here. It's embarrassing to assume this is a troll and not really a new member with a sincere concern. I would give them the benefit of doubt until proven otherwise. Shame on those that attacked rather than offer a little help.
[MENTION=444777]chowshelly[/MENTION], a little cleaning with a wire brush and liquid wrench should free that rust up but since this was a pretty big concern for you, I would suggest that you take the bike to your local shop and let them do a complete check over and service. That will insure your safety and enjoyment of your new ride.

Oh, welcome to bike forums.net