parseText by parsing term

def parseText(large_text, parse_term):
    result_list = []
    # if not found
    if not large_text:
        return result_list
    found = False
    for line in large_text.strip().splitlines():
        line = line.strip().lower()
        if found:
            if line != '' and line != '.':
                result_list.append(line)
                continue
            else:
                found = False
                continue
        if line == parse_term.lower():
            found = True
            continue
    return result_list