955k won't move

I was using my 955 k today and a puff of smoke came out the fan and it quite moving. It's 102 out today and it was way too hot out to start investigating. If you speed the motor up past idle you can hear a squealing noise and smell of burning rubber. Looks like the fan and water pump belts are on and ok but it's too hot to look any farther. Anyone have any ideas?

955k won't move