The water contamination is not good, but that by itself will not cause the brakes to have no pedal. I am guessing, like Tx Jim, that your master cylinder(brake valve) needs attention. However, since you are from the north, water contamination in freezing weather, can cause the axle housings and/or brake valve housing to crack internally and lose braking ability. If you can remove the brake lines from the master cylinder and cap off the fittings coming out of the housing, the pedal should become very firm. If not, then you definitely need attention in brake valve. If the pedals do get firm, then you have leakage in axle housings. Either piston packings are worn, or axle housings are cracked.