使用Python查找和替换XML中的值

I am looking to edit XML files using python. I want to find and replace keywords in the tags. In the past, a co-worker had set up template XML files and used a "find and replace" program to replace these key words. I want to use python to find and replace these key words with values. I have been teaching myself the Elementtree module, but I am having trouble trying to do a find and replace. I have attached a snid-bit of my XML file. You will seen some variables surrounded by % (ie %SITEDESCR%) These are the words I want to replace and then save the XML to a new file. Any help or suggestions would be great.I am looking to edit XML files using python. I