http://jsfiddle.net/UPs3V/291/
var src_str = $("#test").text();
var term = "my text";
term = term.replace(/(\s+)/,"(<[^>]+>)*$1(<[^>]+>)*");
var pattern = new RegExp("("+term+")", "gi");
src_str = src_str.replace(pattern, "<mark>$1</mark>");
src_str = src_str.replace(/(<mark>[^<>]*)((<[^>]+>)+)([^<>]*<\/mark>)/,"$1</mark>$2<mark>$4");
$("#test").html(src_str);
try this one it may help you