Styles & Templates -> Style Manager -> Edit Templates -> Navigation/Breadcrumb Templates -> navbar
Find:
<td class="alt1" width="100%">
<if condition="is_array($navbits)">
<table cellpadding="0" cellspacing="0" border="0">
<tr valign="bottom">
<td><a href="#" onclick="history.back(1); return false;"><img src="$stylevar[imgdir_misc]/navbits_start.gif" alt="$vbphrase[go_back]" border="0" /></a></td>
<td> </td>
<td width="100%"><span class="navbar"><a href="$vboptions[forumhome].php$session[sessionurl_q]" accesskey="1">$vboptions[bbtitle]</a></span> $navbits[breadcrumb]</td>
</tr>
<tr>
<td class="navbar" style="font-size:10pt; padding-top:1px" colspan="3"><a href="$scriptpath"><img class="inlineimg" src="$stylevar[imgdir_misc]/navbits_finallink.gif" alt="$vbphrase[reload_this_page]" border="0" /></a> <strong>$navbits[lastelement]</strong></td>
</tr>
</table>
<else />
<div class="navbar" style="font-size:10pt"><a href="$vboptions[forumhome].php$session[sessionurl_q]" accesskey="1"><img class="inlineimg" src="$stylevar[imgdir_misc]/navbits_start.gif" alt="" border="0" /></a> <strong>$vboptions[bbtitle]</strong></div>
</if>
</td>
And delete it.
Although, this will make your login box move to the left instead of the right box.
View the attachment for a preview of what I mean.