How to look up and replace a string of text

Hi @dgudkov,

Hope you are well.

I am working on something similar whereby I would like to do multiple find and replaces within a string of text. See the screenshot below:

As you can see, only the first instance is replaced. What is the best way to handle this situation? I was thinking of adding lots of replace steps but this will be difficult for people to understand in the long term if the number of replacements grows. I have seen this kind of feature in other software whereby they have a word or synonym library.

I look forward to hearing from you.

Regards,

Shaheed