Customizing Catch Everest Pro

Hi there, I have a quick question and forgive me as I am not a developer. I have catch-everest pro and I saw that there is a new update. Will I lose all my current settings if I update with the new version? If so, do I need to create a child theme and how do I do that? Thanks for your help!
Jenny

@brooklynfunbus: Ok let me take a look at your site and let you know.

1. Custom Social icons: I am able to get the custom twitter and facebook icons to load, and the links work fine, but they only appear if I also have the predefined FB and twitter icons also loaded, which results in two of each appearing on the site.
— This is because you have link both in custom social icons as well as Predefined social icons. So, just remove the facebook and twitter link in your Predefined Social Icons.

2. Is it possible to have a line of copy above the menu items, but below the header image? This is for a restaurant, and I would like to have the address, phone number, and hours of operation listed there. I have the hours as a homepage sub-head, but they appear underneath the featured image, and I would like them above. Right now, I have the restaurant description as part of the logo in the photoshop file, but that is not optimal.
— You can add Text Widget in Header Right Sidebar and then add the following CSS in “Appearance => Theme Options => Custom CSS” box.

#header-right {
    clear: both;
    float: none;
    max-width: 100%;
    text-align: center;
    width: 100%;
}
.header-sidebar .menu, .header-sidebar .widget_text {
    clear: both;
    float: none;
}

3. When the browser window is shrunk, or it is viewed on a smartphone, the menu titles turn to white during the responsive design, and they can’t be read on the ivory background. I did not see any settings to change this.
— Just add the following CSS in “Appearance => Theme Options => Custom CSS” box.

.sb-selector:link, .sb-selector:visited, .sb-selector:hover {
    color: #0A4C62;
}
.sb-options a:link, .sb-options a:visited {
    color: #0A4C62;
}

4. There is a white bar below the featured image that I can’t seem to get rid of. How can I do that?
— Just add the following CSS in “Appearance => Theme Options => Custom CSS” box.

#homepage-message {
    margin-top: 0;
}

@brooklynfunbus: oh sorry yes it was added for additional icons. That is why it is not showing. We will fix that in new version. But for now you can disable your default facebook and twitter icon by adding in the following CSS in “Appearance => Theme Options => Custom CSS” box.
ul.social-profile li.facebook, ul.social-profile li.twitter { display: none; }