Hi Tim,
You can remove or reset a fade by Ctl [Cmd] + clicking on it's adjustment node below, the same as resetting clip gain.
![](http://answers.presonus.com/?qa=blob&qa_blobid=7594649187663858061)
To remove an automation envelope you only need to right click the control for it, like a fader cap, and "Remove (X) Automation".