We have to keep in mind that it is the button putting in the bet on teh turn and not the small blind leading again. Therefore, I think its safe to assume that SB is probably on a pair with a high flush draw, and the button has a made hand. I think a fold here is correct. Especially with no reads on the button and small blind.

The flop action to me seems fine.

I could see an argument for betting the turn and folding if raised. However, I think check folding here is probably a the correct alternative, however, weak of a play it may be.