>I am trying to find the swich which disables the current highlight on a word when in the Text Editor. For example, if you have an object and it appears on several lines, in the actual page view, wherever it appears, it will be shown in highlight as soon as you hit one of them. I would like to disable that. Anyone knows where that switch is?

This will tell you how:

http://msdn.microsoft.com/en-us/library/vstudio/ee349251(v=vs.100).aspx