Motorola E815 / E816 Hollywood

I locked the "Settings" menu through the application lock feature of my phone. Found out that when you do this, it locks all the sub-menus. So when I try to change the ring style with the phone closed, the display shows "Enter unlock code". I also set up Shortcut-3 for the ring style change - found out you have to enter the unlock code twice. Didn't like that so I tried to unlock my settings menu in the application lock feature. The display shows the "Settings" menu and all associated sub-menus are "unlocked" but the phone is still prompting me for an unlock code every time I try to access the settings menu. I know the unlock code, not the issue. Just that I've disabled locking the settings and the phone thinks other wise. My only thought is do a master reset or clear to factory default the phone. But I'm afraid I'll loose all my downloaded games & ringtones. Anyone else have this issue and have any thoughts? Or have I just seriously messed up the phone!