First photo is the hydraulic lockout and override switch. Lockout button "locks out" the hydraulics. Manual says to use this when roading the machine to prevent accidental movements. Override lets you use aux hydraulics with armrest raised. You need the continuous flow button enabled for it to work.
The switch with the red button is aux hydraulics circuit pressure release.
I find it handy to make the quick connects easier to come off when changing attachments, when I have just been using them.
If the machine was running, turn key off, then on, park brake OFF, arm rest LOWERED, hold for 4 seconds. Should hear a couple clicks behind the beeping. Someone must be in seat with armrest down for it to work.
I'm surprised you cant find a hydraulic release handle in your 2012. My 2007 has a red handle pretty much, vertically inline with my right elbow, bottom right corner just below seat. Send some pics of that general area and where the latch for engine access door is. Above battery and to the right of the alternator. This is the valve that lowers the loader arms and there should be a release cable coming from inside of cab
Hope this helps.