1) The answer is no: namely, suppose that $n\ge 2$, $r\in F_n$ and $N=\langle\langle r\rangle\rangle$ is verbal, then either $r=1$, or $n=2$ and $r$ is conjugate to $[x_1,x_2]$. Indeed $F_n/N$ is a 1-relator group; it was established; if $r\neq 1$ it satisfies a law, and Magnus [a,b] proved that this only happens when $F_n/N$ is a solvable Baumslag-Solitar group. On the other hand, if $N$ is verbal then so is $N[F_n,F_n]$, and this implies that the abelianization of $F_n/N$ is the square of some finite group. This excludes all solvable Baumslag-Solitar groups except $\mathbf{Z^2}$.
2) The answer is yes, and precisely (by the above argument) the only examples are when $n=2$ and the relator defines a solvable Baumslag-Solitar group (in which case $N$ contains the second derived subgroup of $F_n$, which is a verbal subgroup).
[a] Magnus W. Das Identitätsproblem für Gruppen mit einer definierenden Relation, Math. Ann. (1932) 106. 295–307.
[b] Moldavanskii D. I. On a theorem of Magnus (in Russian) Uch. zap. Ivanovsk. gos. ped. inst. 1969. T.44. S.26–28.