Wire the fan black wire to the center, common negative.
Then wire one end (comA) of the DPST to the black on the power supply molex (0v), and the other end (comB) to the red wire (5v) on the same molex.
The fan positive red wire should be connected to the molex yellow wire (12V). One position will yield 12-0 = 12 Volts, the other will yield 12-5 = 7volts.
I hope that wsn't horribly confusing.