Hello, @TFS,
1. For changing those words, you have to change in the theme language files, you can use the Loco translate plugin for it, https://xstore.helpscoutdocs.com/article/30-base-theme-translation
Like:
https://postimg.cc/gwW7VC5L
https://postimg.cc/jwkvFm8X
https://postimg.cc/JyYbrJb7
https://postimg.cc/yWZFKDWB
https://postimg.cc/VJYMX4gL
2. For changing the color and placing the image, we have to check it on your site, and we need your site WP Admin URL and Credentials in the private content area of this topic and the screenshot as well what exactly you want?
Regards 8Themes Team.