Can't find string terminator "END_TEXT" anywhere before EOF

##</code><code>##

use strict;
use warnings;

my $data = "line1\nfoobar\nline3\n";

$data =~ s{(foo)(bar)}{
	my $one = $1;
	my $two = $2;

	$one .= <<'END_TEXT';
Insert 1
Insert 2
END_TEXT

	$one.$two;
}e;

print $data;

##</code><code>##

$data =~ s{(foo)(bar)}{
	my $one = $1;
	my $two = $2;

	$one .= <<'END_TEXT';

	$one.$two;
}e;
Insert 1
Insert 2
END_TEXT