How do I change the wording in the order emails?

You have two settings you can change. Both of them are under Preferences > Site Settings > Email (tab).

Order Email "Thank You" Message appears near the top of the email.

Order Email Footer appears at the very bottom of the email.

If you need a custom note for a specific product, you can set that with Custom Note for Order Confirmation Email on the "Purchase" tab for Products, Lessons and Courses.