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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
I'd check the brakes/rotor/caliper first, may have a pad dragging... If theres a dust cover, I've seen that cause lots of noises... Does it happen low or high speed???