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Don't worry about the line, it is supposed to be the way it is. If you are talking about the condenser coil, located on the back bottom part of the unit, with a small fan in front of it, yes, it is supposed to be hot.
The condenser job is to disipate the heat absorbed by the evaporator (the coil inside the freezer). Make sure the condenser is clean and condenser fan is working, also, make sure there is air circulating thru the back of the unit to help cooling the condenser.
The noises you hear, are probably the defrost coil melting the ice on the evaporator, this function is on a timer and happens 3 or 4 times a day.
You have a Refrigerant Gas (Freon) leak. Oil travels with the Refrigerant Gas thru the system, that's why you see the oil on the drip pans, if you look closely you should be able to know where is coming from.
For what you are telling me, it seems that the leak is of considerable size, I recommend to ASAP take freezer to a Kenmore authorized service station for a repair estimate, then you can decide to fix it or get a new one. If you call a repair tech, he will charge for the house call regardles.
This is not a DIY job, You have to call in a refrigeration service man to do this job. Although you may know a little bit about refrigeration soldering and a bit more. Do you have a vaccumn pump to vaccumn the system to 500micro or lower before you recharge the freon. If you do then I don't think you would ask for any question at all.
You have to put a T between the cold water valve and the faucet, then run a plastic or copper line to the refrigerator(the size could vary from 1/4' to 3/8", you have to look at the water valve in the bottom back of the refrigerator).