Francis Bacon is referencing previous "remembrances"
The beginning of the epilogue to The King's Two Bodies: A Study in Medieval Political Theology, by Ernst Kantorowicz, references this quotation from Bacon and includes an explanation of their probable sources:
Bacon's first "remembrance" should not be mistaken for the famous Camaldolite motto Memento mori which, especially in connection with its artistic symbol, the skull, had a singular appeal to the religious sentiment of the later Middle Ages. Memento quod es homo is not of monastic origin, but descended from classical Antiquity; and Francis Bacon could not have been ignorant of its proper Roman setting. When, on the day of his triumph, the victorious Roman imperator rolled on the chariot drawn by four white horses from the Campus Martius to the Capitol...the slave riding with him on the chariot and holding the golden wreath over his head, whispered to him: "Look behind thee. Remember thou art a man."
The actual wording, which we have from Tertullian (an early Christian apologist), is recognizable although slightly different:
hominem se esse in illo sublimissimo curru admonetur, suggeritur enim ei a tergo 'respice post te, hominem memento te.' (Tertull. Apolog. 33)
As for the second, it is likely a reference to a psalm verse, which is especially famous because it is quoted in the Gospels in Jn 10:34:
His other remembrance may have referred to Psalm 81:6, "Ye are gods," a versicle very much to the taste of political writers in the age of absolutism and most certainly to that of James I, who quoted it and gave his own interpretation of it in great detail.
Francis Bacon may have appropriated this thought and expressed it in a different way in order to achieve parallelism between the two.