sursuciofla said:k, done...
now you need to determine which actual part of the song you want as the ringtone.
We'll be working in the pane below the track window, where you can actually see the wave which is the editable bit for us here.
When you've found the start of the "ringtone" just place the cursor at this point and drag to the left to highlight the section you want to remove (unless you want to preserve the very beginning). If you want to remove audio directly after the "ringtone 26 secs" then position the cursor directly at the end of your 'grab' and click and drag all the way to your right.
Lastly just press command+X to remove the audio you don't want.
Let me know how this goes.