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Thanks for the info, tarraccas!

I ran procmon as well, and my textpad.exe was in an endless loop trying to read/deal with my ".htm" association, which had the value "ChromeHTML". I removed the ".htm" and ".html" keys, and TextPad 6 started right up!

Before that, the textpad process was using 50 ...

To perform a task like this, I would record a macro, which does this:
1. search for xxxxx from current cursor location, and enable the "Extend selection" option
2. deselect the xxxxx part and position cursor before the xxxxx
3. delete selected block
4. position cursor after the xxxxx
5. search for ...