How to remove tags in sidebar

I am working with Paalam theme (widgetized) and I don’t know how to remove the tags section in the sidebar and while I’ve found lots of help in by searching the forum, I cannot find an answer to this.
They are currently placed between the “categories” and “monthly” archives.
Here’s the code that includes the tags section:

<li>
    <h2>
      <?php _e('Categories'); ?>
    </h2>
<ul>
      <?php wp_list_cats('optioncount=1&hierarchical=1');    ?>
</li>
<?php if (function_exists('wp_tag_cloud')) {	?>
    <li>
      <h2>
        <?php _e('Tags'); ?>
      </h2>
      <p>
        <?php wp_tag_cloud(); ?>
      </p>
    </li>
    </ul>
    <?php } ?>
    <li>
    <ul>
      <?php wp_list_cats('optioncount=1&hierarchical=1');    ?>
    </ul>
<?php if (function_exists('wp_tag_cloud')) {	?>
  </li>
    <?php } ?>
    <li>
    <h2>
      <?php _e('Monthly'); ?>
    </h2>
    <ul>
      <?php wp_get_archives('type=monthly&show_post_count=true'); ?>
    </ul>
  </li>

Any tips would be greatly appreciated.
Luke