Version 4.2.2 not removing tags

Here’s my site homepage:

http://www.mezzoguild.com/

Look down the bottom where there are 4 previous post preview squares with thumbnails.

You can see that the formatting hasn’t been removed by the_excerpt() call which I’ve never had a problem with in previous versions.

Also since every post I have has a large image at the beginning of the post, the only way I could stop the img tag from being called was to upload a featured image and place a caption around each image.

This is the code I’ve always used for this plugin:

<?php the_excerpt('More', TRUE, '', 33) ; ?>

<img src=”http://www.mezzoguild.com/wp-content/uploads/2014/06/excerpt.png”&gt;

How can I fix this?

https://wordpress.org/plugins/advanced-excerpt/