Thanks everyone. Tried a little penetrating oil on the jaws and a few light hits with my new made in U.S.A. dead blow hammer that I also bought at the garage sale

. Finally plugging it in and running it in forward with an extra firm grip on the chuck was what got it free.
The garage sale was awesome. It was an old carpenter's house. I'm looking at moving out soon and got a bunch of different tools that I'd want to keep around the garage. They all are made in America! Some don't even need to say America, they just say the town and state! There were a lot of tools that were never even used. I got a pair of old tin snips that I had to rip the cardboard packaging off!
My dad has a Makita DP3720 made in 86' that has gotten a lot of use. It sounds a little bit louder than it used to be and a little "rough". I wonder if it is still as strong as it once was. There is a little play in the gears when you grab the shaft and turn it back & forth, but it's been like that since I can remember. Is there any way I could freshen it up a bit? Brushes & commutator worn? Or bearings?
Dad's:
My drill however is near perfect and has seen very little use. it's actually made in 1990; I thought it was much older than that.
What's the steel metal clip along the top? Is that for hanging it off one's belt?
bonnyman, I was wondering what the clip is, too. I always thought it was for holding the end of your cord for when you wrap up your cord but it doesn't really fit under it.
I had similar chuck in a hammer drill ( MAkita) ended up replacing it with a regular chuck...
Was it tough to do? How did you know what would fit?