Deed mentions consideration?

[eteb3]

Hi

I know a contract by deed doesn't require consideration.

Here we have a deed of pledge that opens with

In consideration for the Company entering into the Primary Contract, Y pledges as security for X's obligations to the Company [goods pledged]

My question is:
Would the contract fail for lack of consideration even though it's a deed - because consideration is mentioned?

Or does the reference to consideration just drop out, because a deed doesn't require it?

Thanks.