I have a hp dv7-1020us​. Can I upgrade the CPU and if I can what is the best I can obtain?

Just recently my hp dv7-1020us CPU performance has drastically been reduced to the extent that it runs at 75 to 100% capacity all the time. It is very noticable when accessing the internet. At times my screens take up to 60-seconds to change/refresh. I see "not responding" on most web pages accessed.  
I had heard that possibly a CPU upgrade would correct the issue. What I have done most recently is upgrade the memory to 8gb, installed W7 Home and also downloaded IE9. The performance issue was noticed before I made all those changes. I have two hard drives installed, both are less than 50%. I have contacted the cable company about my cable router and they have remotely tested without any issues. I have also been runing daily virus scans to see if a virus has possibly infiltrated my system. I even re-installed my previous wireless router and there was no remarkable change.
If anyone has any ideas or solutions please let me know. I am actually looking at another computer, the dm4-3090se as a fix but don't really want to spend the money. I also have a small Asus netbook with 2gb's of memory that runs faster than my hp. My phone even accesses web sites faster. Again, if anyone has any ideas please share!

Hi:
If you are interested in upgrading the processor (which may help only a little--depending on what processor you currently have), below is the link to the service manual.
http://h10032.www1.hp.com/ctg/Manual/c01918142.pdf
Supported processors are listed in chapter 1, page 1.
Normally when my PC's begin to get real bogged down and I have maxed out the memory as you have, I back up my files and reinstall the operating system, and get a fresh clean start.
Paul

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