Just looked up your deck and there are a variety of possible causes to your problem. First, you have a two belt system, so you will have to figure out if it is the deck belt or drive belt which is smoking. After you know which belt is causing the problem, you must check the following. One, is the belt riding over a belt guide and between the guide and the pulley? Second, are the idler pulleys good? You will need to remove them to check the bearings. Third, when you manually engage the PTO, does everything turn freely? Finally, you need to remove both belts and spin each spindle, listening for a worn bearing or bearings. Also, don’t forget the pulley and belt guides under the engine.