These engines are known for this issue, more common then not!
The motors on these had sides that were staked together holding the armature in place.
Over the years the staking on these has loosened up causing the sides of the motor to be out of alignment causing the armature and gearing to bind up.
You have to take the motor out and re-stake all the places where the sides are pressed together. You can see them where the pieces are pressed. Take a small hammer and gently tap the stakes so they are tight!