Remove Gas tank...... then the airbox. Just underneath it is a green Molex plug. This is the lead from the key switch. Sometime this plug gets massively corroded and current will not draw effectively. This can also happen to the starter button AND the Clutch lock out on the handlebars, so due to the age of our Bikes its not a bad idea to go thru all of the plugs, and scrape the connectors clean.
That being said, it is also possible that the key switch is defective, a cold solder joint might have broke, (if u have 3000 keys attached to your Motorcycle key chain, this is a slow death way to break a key switch). With the green Molex disconnected you should be able to use a Volt meter to check current to and from the switch, u can then jump connectors, bypass the key switch, and effectively hot wire the bike for diagnostic purposes.
And lastly, the aftermarket alarm fuse..... That popped because there was a short to ground or a massive voltage surge. I would also check what that alarm is connected too, trace all the wires for shorts, and how it is grounded. I would disconnect it completely while doing diagnostics.
P.S. as a side note check around the steering stem to make sure there are no wiring bundles getting hacked apart via the triple clamps.