Please take a look at this post for how to post code nicely on the forums: Using code tags properly
You didn’t include an image, but your post says you did.
Are these world game objects, as opposed to UI objects?
My best guess here is that you should enable the text and display it when you Enter with the mouse and disable the text when you exit. Do not use Update for this as it is not needed.
I believe your scripts are overriding each other (one is wanting to display, but the other is not and saying “else don’t show”) - something like that. Sorry, it’s hard to read 
I think my suggestion about when to enable/disable it on a per object basis, and avoiding update should remedy it.