Is it possible to position an image in the middle of a nl2br?

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I have quite a lot of text in a record in my database and have about six paragraphs on the page when it's displayed.

I used this line of code to display the record on the page
[code]echo "<p class='style3'><img src=http://www.jackgodfrey.org.uk/images/".$code['photo'].">".nl2br($code['content'])."</p>";[/code]

is it possible to have in the middle of the page, whcih would be in the middle of the nl2br, another image that was stored in the database.

I currently have to have 2 records displayed per page but there is a noticeable spacing size difference between the last paragraph and new paragraph