Preorder / Embroidery Messaging on Checkout Configuration
In the theme customizer, go to theme settings (paint brush icon)
You will see a section called CHECKOUT NOTICE
To enable the messaging, check the checkbox. When unchecked, it is disabled.
You will see these 3 text fields

You can enter the messaging you want to display for all 3 instances.
You can also change the text color of the text.