Thanks alot guys. It is from neglect. I wish I could tell the previous owner a thing or two. It is a shame that someone would take care of a car that way. I have changed the oil again and am driving for a few more hundred miles. Then, it goes back to the mechanic to check it out again and check the valves, replace the timing belt and tune it up. After that and a few more oil changes, if it gets worse or no improvment, I will sell it. It already doesn't smoke as bad this time after the oil change, so I am keeping my fingers crossed. :(