[Edit] No. Not in Draw, only in Writer as below
Yes.Open Find and Replace (Ctrl+H) dialogue, enter your search term in Find as usual, dining table
and also enter it into the Replace field if you just want to remove the direct formatting (choose Normal or Regular in Format) but keep the word.
Click the + beside Other Options to expand if not expanded. Click the Format button and select the tab, in this case Font, and the particular format you want to search for, e.g. Italic. OK
Click Find Next or Replace All depending on your requirements. In the image below, it has found “dining table” in italics and skipped it in Bold. Between searches it is best to click the No Format button before finding a different format or they can add together and so exclude the format you are searching for.