Sub Demo()
Application.ScreenUpdating = False
Dim DocSrc As Document, DocTgt As Document, Rng As Range
Set DocSrc = ActiveDocument: Set DocTgt = Documents.Add
With DocSrc.Range
  With .Find
    .ClearFormatting
    .Replacement.ClearFormatting
    .Text = "TROUBLE PHONE LINE FAIL"
    .Replacement.Text = ""
    .Forward = True
    .Wrap = wdFindStop
    .Format = False
    .MatchCase = False
    .MatchWildcards = False
    .Execute
  End With
  Do While .Find.Found
    Set Rng = .Duplicate
    Set Rng = Rng.GoTo(What:=wdGoToBookmark, Name:="\page")
    DocTgt.Range.Characters.Last.FormattedText = Rng.FormattedText
    Rng.Text = vbNullString
    .Find.Execute
  Loop
End With
Application.ScreenUpdating = True
End Sub