The seconds one will not work as you have it using * as the basis for the comparison before it goes into the event. Merge them as below and they will work.

on 5:text:*:#: {
  tokenize 32 $strip($1-)
  if ($1 == !mute) {
    if ($address($2,2)) mode $chan +bb ~q: $+ $v1 ~n: $+ $v1
    else msg $chan No address found for $2 $+ .
    mode $chan -aohv $2 $2 $2 $2
    msg $chan $2 Just Muted You For Reason: $iif($3,$3-,Blatent Retardation.)
  }
  if ($1 == !unmute) {
    if ($address($2,2)) mode $chan -bb ~q: $+ $v1 ~n: $+ $v11
    else msg $chan No address found for $2 $+ .
    mode $chan +v  $2
    msg $chan You have been unmuted... That was your only warning.. Do not annoy me again or you will be banned.
  }
}