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I agree with crosbyman. If the rest of the motor is in the same condition as the name plate and it has little sentimental value, it might not be worth restoring. Here in Wisconsin, there are a few CD-12s on Facebook Marketplace for about 150 each, and the time and money you would spend trying to restore a motor with a lot of problems would not be worth it. If it has sentimental value it may be more worthwhile to keep it as a wall hanger. Otherwise, if it has a lot of issues I would part it out and buy another motor. There are so many interesting outboards out there for low-ish prices that your time is better spent restoring a few motors in good mechanical condition as opposed to one in poor condition. Ebay prices for anything regarding motors will probably be at least twice what you would get from somebody off of Facebook or Craigslist. Keep this in mind if you decide to buy another motor.
"Outboards seem to multiply exponentially..........I find that for every finished project, there are two more waiting to be completed."