First; this seems like way too much exercise. Keep that level up and you'll start to loose weight. (that includes strength., unless you use HGH or something moronic like that.) Remember that what you do in the gym is damaging your muscles. That's the whole point. In order to grow you let them rest, and rebuild. The stronger you get, the more you are able to tear down, and the longer it takes to rebuild.
But, if you want to lower bf% and not loose muscle Leangains;
www.leangains.com
Read the articles, try it for a while, and if it doesn't sit with you, try something else.
I can't recommend it enough.
Another thing; You can't target fat-deposits,
No matter how many sit-ups you do, the only thing that will remove fat from your stomach-area is if your general bf% is low.