SQL Server Search-and-replace Program

I found a search-and-replace program for SQL server that works GREAT, but I have a list of about 200 words to search for, with corresponding replacements. Rather than editing the code below for *each* word and running it 200 separate times, I'd like to iterate through the list, but my MS-SQL programming skills are...light (to say the least). Anyone have any ideas how I can create a list or hash-type variable and use the code to loop through and do the replacements all at once?

/*
*
* Search & Replace
*
* Use Ctrl+Shift+M to replace template values
*
*/

set xact_abort on
begin tran

declare @otxt varchar(1000)
set @otxt = '<string1, text, text to be replaced>'

declare @ntxt varchar(1000)
set @ntxt = '<string2, text, replacing text>'

declare @txtlen int
set @txtlen = len(@otxt)

declare @ptr binary(16)
declare @pos int
declare @id int

declare curs cursor local fast_forward
for
select
id,
textptr(<field_name, sysname, target text field>),
charindex(@otxt, <field_name, sysname, target text field>)-1
from
<table_name, sysname, target table>
where
<field_name, sysname, target text field>
like
'%' + @otxt +'%'

open curs

fetch next from curs into @id, @ptr, @pos

while @@fetch_status = 0
begin
print 'Text found in row id=' + cast(@id as varchar) + ' at pos=' + cast(@pos as varchar)

updatetext <table_name, sysname, target table> .<field_name, sysname, target text field> @ptr @pos @txtlen @ntxt

fetch next from curs into @id, @ptr, @pos
end

close curs
deallocate curs

commit tran