1996 Johnson Evinrude "ED" 40 thru 55 2-Cylinder Service Manual, P/N 507124, Page 244Get this manual
8 []] 12To assemble inner and outer seals to bearing housing, install outer seal retaining ring into its groove in the bearing housing[]] 13Apply OMC Gasket Sealing Compound to metal casing of seal before installationApply OMC Triple-Guard grease to seal lips before installing inner sealInstall outer seal into bearing housing with lip facing outwardPress seal in until it makes contact with retaining ring
14Install inner seal with lip facing outwardTap seal into bearing housing using socket slightly smaller than the outside diameter of the sealWhen the seal is seated, install the inner retaining ring