25$, Deep stacks, awful spot: I know I'm being freerolled

[illph]

...but there is a lot of dead money in the pot.

I was totally lost in this hand, please tell me how to play better.

Party Poker
Pot Limit Omaha Ring game
Blinds: $0.10/$0.25
5 players
Converter

Stack sizes:
Hero: $50.26
CO: $21.70
Button: $83.54
SB: $133
BB: $78.07

Pre-flop: (5 players) Hero is UTG with 4[img]/images/graemlins/diamond.gif[/img] K[img]/images/graemlins/club.gif[/img] 9[img]/images/graemlins/diamond.gif[/img] Q[img]/images/graemlins/club.gif[/img]
Hero calls, CO folds, Button calls, <font color="#cc0000">SB raises to $1.25</font>, BB calls, Hero calls, Button calls.

Flop: T[img]/images/graemlins/spade.gif[/img] J[img]/images/graemlins/diamond.gif[/img] K[img]/images/graemlins/heart.gif[/img] ($5, 4 players)
SB checks, BB checks, Hero checks, Button checks.

Turn: A[img]/images/graemlins/spade.gif[/img] ($5, 4 players)
<font color="#cc0000">SB bets $4.75</font>, BB calls, Hero calls, <font color="#cc0000">Button raises to $28.5</font>, 2 folds, Hero calls.

River: K[img]/images/graemlins/spade.gif[/img] ($71.5, 2 players)
Hero checks, <font color="#cc0000">Button is all-in $53.79</font>, Hero folds.
Uncalled bets: $53.79 returned to Button.

Results:
Final pot: $71.5