A notary may not perform a notarial act if the notary:

1. (1) is a signer of the document that is to be notarized except in case of a self-proved will as provided in Section 75-2-504; or

2. (2) is named in the document that is to be notarized except:

   1. (a) in the case of a self-proved will as provided in Section 75-2-504; or
   2. (b) in the case of a licensed attorney that is listed in the document only as representing a signer or another person named in the document;
3. (3) will receive directly from a transaction connected with a financial transaction in which the notary is named individually as a principal; or
4. (4) will receive directly from a real property transaction in which the notary is named individually as a grantor, grantee, mortgagor, mortgagee, trustor, trustee, beneficiary, vendor, vendee, lessor, or lessee.