"There is a 5V red wire and a black GRD wire."
That red wire is actually a 12v wire. Weird, I know.
If you have a fan already in the case that has a molex extender on it
http://www.ambinternational.com/images/casefan4.jpg
you could just cut off the yellow (12v) and black (grd) wires from the extender and splice them to your fan's red (12v) and black (grd) wires.
Or you could connect them by dismantling an existing molex
http://modasylum.com/articles/lyo/ledmolex/connectorout.jpg
Or you could just cram the wires into the molex.
No matter what, keep the psu unplugged while you work and insulate everything before plugging things back in and if possible do not destroy a power-supply connected molex. That's why I made the first suggestion - it leaves the power-supply molex's alone.