Can't Edit Blog subtext?

I don't really know what to call the text that shows up on the post under the Featured Image before you click and open the post, but I can't seem to find it to edit it.  It's probably something very simple, but I'm missing it somehow. Here's the page to show you what I'm talking about -- it's the "lorem ipsum" text that needs to either go away or be replaced with real language. http://www.nbwilliamsbooks.com/current-projects/.  

Thank you!

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