As far as I can tell, the search function in Notes only shows you which notes have that string. Is there a way to find the occurrence of the term inside the note itself (without copying to a text editor)?
EDIT:
⌘F Does not show me any in-note searches.
Best Answer
It appears this solution only works on 10.9 Mavericks…
Select a note, then press ⌘ cmd + F and type your search.
This will not work for 'pinned' notes that have been opened outside of the Notes app.