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Pull the tumbler out. There is probably the pin you push in with an awl directly underneath the tumbler. You'll probably have to remove the trim around the steering wheel column. Typically the key has to be in the RUN position (truck not on) for it to pull out.
Remove the key from the tumbler and then reinsert it. The tab that pops up will be the one that you want to cover with tape or any other non-conducting material.
__________________ Ken
"Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialist concludes that we object to its being done at all. " -The Law, Frédéric Bastiat, 1850
I am not sure what wire it is or what else it would affect on that vehicle. I know that with older vehicles it was pretty obvious which wire it was when you get under there and that all it did was control the key in chime.
You might try talking to a dealer to see if they can get you a wiring diagram.
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Chris - Avid Winter Hater
2007 F-250 XLT 4x4 CC SB 6.0 PSD - ARP, IPR GEn2 EGR Delete, 4" turbo-back, no muffler, no cat, 6.4 banjo bolts, SCT X3, Tenney 270A alt, coolant filter, air bags, Ranchos, etc.
1994 Mustang GT - HCI, MM suspension parts, etc Novi2k waiting on the shelf
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Good lord...don't go cuttin' wires on your brand new truck! Especially if you aren't sure what will happen if you do. Covering the contact is simple and effective.
As far as the seat thing...sorry cannot help.
__________________ Ken
"Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialist concludes that we object to its being done at all. " -The Law, Frédéric Bastiat, 1850
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Especially if you aren't sure what will happen if you do. Covering the contact is simple and effective. 
