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<PAGE> 1
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C>
I. RECONCILIATION OF COLLECTION ACCOUNT:
End of Period Collection Account Balance as of Prior Payment Date: 461,950.76
Available Funds:
Contract Payments due and received in this period 3,849,278.37
Contract Payments due in prior period(s) and received in this period 366,251.61
Contract Payments received in this period for next period 157,081.85
Sales, Use and Property Tax payments received 193,408.28
Prepayment Amounts related to early termination in this period 1,944,460.55
Servicer 261,862.60
Advance
Proceeds received from recoveries on previously Defaulted Contracts 0.00
Transfer from Reserve Account 11,316.24
Interest earned on Collection Account 14,874.52
Interest earned on Affiliated Account 9,842.78
Proceeds from repurchase of Contracts per Contribution and
Servicing Agreement Section 5.03 0.00
Amounts paid per Contribution and Servicing Agreement
Section 7.01 (Substituted contract < Predecessor contract) 0.00
Amounts paid under insurance policies 0.00
Maintenance, Late Charges and any other amounts 0.00
-------------
Total Available Funds 7,270,327.56
Less: Amounts to be Retained in Collection Account 563,635.04
-------------
AMOUNT TO BE DISTRIBUTED 6,706,692.52
=============
DISTRIBUTION OF FUNDS:
1. To Trustee - Fees 0.00
2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer
Advances 366,251.61
3. To Noteholders (For Servicer Report immediately following the
Final Additional Closing Date)
a) Class A1 Principal and Interest 0.00
a) Class A2 Principal (distributed after A1 Note matures)
and Interest 5,096,379.99
a) Class A3 Principal (distributed after A1 and A2 Notes mature)
and Interest 182,832.00
b) Class B Principal and Interest 121,242.69
c) Class C Principal and Interest 137,530.42
d) Class D Principal and Interest 140,151.73
e) Class E Principal and Interest 145,368.67
4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00
5. To Issuer - Residual Principal and Interest and Reserve Account
Distribution
a) Residual Interest (Provided no Restricting or Amortization
Event in effect) 34,165.78
b) Residual Principal (Provided no Restricting or Amortization
Event in effect) 201,933.40
c) Reserve Account Distribution (Provided no Restricting or
Amortization Event in effect) 11,316.24
6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned
and Any Other Amounts 218,125.58
7. To Servicer, Servicing Fee and other Servicing Compensations 51,394.41
-------------
TOTAL FUNDS DISTRIBUTED 6,706,692.52
=============
End of Period Collection Account Balance {Includes Payments in Advance & -------------
Restricting Event Funds (if any)} 563,635.04
=============
II. RESERVE ACCOUNT
Beginning Balance $2,182,541.24
- Add Investment Earnings 11,316.24
- Add Transfer from Certificate Account (To Satisfy Reserve Account
Requirement) 0.00
- Less Distribution to Certificate Account 11,316.24
-------------
End of period balance $2,182,541.24
=============
Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or
ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $2,182,541.24
=============
</TABLE>
<PAGE> 2
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C> <C>
III CLASS A NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class A Notes
Pool A 97,662,920.03
Pool B 22,257,005.25
--------------
119,919,925.28
Class A Overdue Interest, if any 0.00
Class A Monthly Interest - Pool A 462,117.78
Class A Monthly Interest - Pool B 105,314.87
Class A Overdue Principal, if any 0.00
Class A Monthly Principal - Pool A 3,505,397.66
Class A Monthly Principal - Pool B 1,206,381.68
--------------
4,711,779.34
Ending Principal Balance of the Class A Notes
Pool A 94,157,522.37
Pool B 21,050,623.57
-------------- ---------------
115,208,145.94
===============
</TABLE>
<TABLE>
<S> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $190,972,000 Original Face $190,972,000 Balance Factor
$ 2.971287 $ 24.672619 60.327245%
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
IV. CLASS A NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class A Notes
Class A1 0.00
Class A2 81,829,925.28
Class A3 38,090,000.00
-------------
119,919,925.28
Class A Monthly Interest
Class A1 (Actual Number Days/360) 0.00
Class A2 384,600.65
Class A3 182,832.00
Class A Monthly Principal
Class A1 0.00
Class A2 4,711,779.34
Class A3 0.00
-------------
4,711,779.34
Ending Principal Balance of the Class A2 Notes
Class A1 0.00
Class A2 77,118,145.94
Class A3 38,090,000.00
-------------
--------------
115,208,145.94
==============
</TABLE>
<PAGE> 3
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C> <C>
V. CLASS B NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class B Notes
Pool A 2,232,240.37
Pool B 508,712.20
------------
2,740,952.57
Class B Overdue Interest, if any 0.00
Class B Monthly Interest - Pool A 11,030.99
Class B Monthly Interest - Pool B 2,513.89
Class B Overdue Principal, if any 0.00
Class B Monthly Principal - Pool A 80,123.37
Class B Monthly Principal - Pool B 27,574.44
------------
107,697.81
Ending Principal Balance of the Class B Notes
Pool A 2,152,117.00
Pool B 481,137.76
------------
------------
2,633,254.76
============
</TABLE>
<TABLE>
<S> <C> <C>
--------------------------------------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,365,000 Original Face $4,365,000 Balance Factor
$ 3.103065 $ 24.673038 60.326570%
--------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
VI. CLASS C NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the
Class C Notes
Pool A 2,511,514.47
Pool B 572,387.18
------------
3,083,901.65
Class C Overdue Interest, if any 0.00
Class C Monthly Interest - Pool A 13,331.96
Class C Monthly Interest - Pool B 3,038.42
Class C Overdue Principal, if any 0.00
Class C Monthly Principal - Pool A 90,138.80
Class C Monthly Principal - Pool B 31,021.24
------------
121,160.04
Ending Principal Balance of the Class C Notes
Pool A 2,421,375.67
Pool B 541,365.94
------------
-------------
2,962,741.61
=============
</TABLE>
<TABLE>
<S> <C> <C>
--------------------------------------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,910,955 Original Face $4,910,955 Balance Factor
$ 3.333441 $ 24.671381 60.329236%
--------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C> <C>
VII. CLASS D NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class D Notes
Pool A 2,511,514.47
Pool B 572,387.18
------------
3,083,901.65
Class D Overdue Interest, if any 0.00
Class D Monthly Interest - Pool A 15,466.74
Class D Monthly Interest - Pool B 3,524.95
Class D Overdue Principal, if any 0.00
Class D Monthly Principal - Pool A 90,138.80
Class D Monthly Principal - Pool B 31,021.24
------------
121,160.04
Ending Principal Balance of the Class D Notes
Pool A 2,421,375.67
Pool B 541,365.94
------------
------------
2,962,741.61
============
</TABLE>
<TABLE>
<S> <C> <C>
--------------------------------------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,910,955 Original Face $4,910,955 Balance Factor
$ 3.867209 $ 24.671381 60.329236%
--------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C>
VIII.CLASS E NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class E Notes
Pool A 2,511,514.47
Pool B 572,387.18
------------
3,083,901.65
Class E Overdue Interest, if any 0.00
Class E Monthly Interest - Pool A 19,715.39
Class E Monthly Interest - Pool B 4,493.24
Class E Overdue Principal, if any 0.00
Class E Monthly Principal - Pool A 90,138.80
Class E Monthly Principal - Pool B 31,021.24
------------
121,160.04
Ending Principal Balance of the Class E Notes
Pool A 2,421,375.67
Pool B 541,365.94
------------
------------
2,962,741.61
============
</TABLE>
<TABLE>
<S> <C> <C>
--------------------------------------------------------------------------------------------------------------------
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,910,955 Original Face $4,910,955 Balance Factor
$ 4.929516 $ 24.671381 60.329236%
--------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C> <C>
IX. ISSUERS RESIDUAL PRINCIPAL BALANCE
Beginning Residual Principal Balance
Pool A 4,185,364.57
Pool B 953,805.05
-------------
5,139,169.62
Residual Interest - Pool A 27,247.15
Residual Interest - Pool B 6,918.63
Residual Principal - Pool A 150,231.33
Residual Principal - Pool B 51,702.07
------------
201,933.40
Ending Residual Principal Balance
Pool A 4,035,133.24
Pool B 902,102.98
------------
------------
4,937,236.22
============
X. PAYMENT TO SERVICER
- Collection period Servicer Fee 51,394.41
- Servicer Advances reimbursement 366,251.61
- Tax, Maintenance, Late Charges, Bank
Interest and other amounts 218,125.58
------------
Total amounts due to Servicer 635,771.60
============
</TABLE>
<PAGE> 6
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
<TABLE>
<S> <C> <C>
XI. AGGREGATE DISCOUNTED CONTRACT BALANCE
POOL A
Aggregate Discounted Contract Balance, as defined in Indenture
Agreement, at the beginning of the related Collection Period 111,615,068.43
Aggregate Discounted Contract Balance of Additional Contracts
acquired during Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 4,006,168.75
Aggregate Discounted Contract Balance, as defined in Indenture
Agreement, at the ending of the related Collection Period --------------
107,608,899.68
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 2,322,785.29
- Principal portion of Prepayment Amounts 1,683,383.46
- Principal portion of Contracts repurchased under Indenture
Agreement Section 4.02 0.00
- Aggregate Discounted Contract Balance of Contracts that have
become Defaulted Contracts during the Collection Period 0.00
- Aggregate Discounted Contract Balance of Substitute
Contracts added during Collection Period 0.00
- Aggregate Discounted Contract Balance of Predecessor
Contracts withdrawn during Collection Period 0.00
------------
Total Decline in Aggregate Discounted Contract Balance 4,006,168.75
============
POOL B
Aggregate Discounted Contract Balance, as defined in Indenture
Agreement, at the beginning of the related Collection Period 25,436,683.89
Aggregate Discounted Contract Balance of Additional Contracts
acquired during Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 1,378,721.92
Aggregate Discounted Contract Balance, as defined in Indenture
Agreement, at the ending of the related Collection Period
-------------
24,057,961.97
=============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,126,655.52
- Principal portion of Prepayment Amounts 252,066.40
- Principal portion of Contracts repurchased under Indenture 0.00
Agreement Section 4.02
- Aggregate Discounted Contract Balance of Contracts that have
become Defaulted Contracts during the Collection Period 0.00
- Aggregate Discounted Contract Balance of Substitute
Contracts added during Collection Period 0.00
- Aggregate Discounted Contract Balance of Predecessor
Contracts withdrawn during Collection Period 0.00
------------
Total Decline in Aggregate Discounted Contract Balance 1,378,721.92
============
------------
AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION
PERIOD 131,666,861.65
==============
</TABLE>
<PAGE> 7
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS
<TABLE>
<CAPTION>
POOL A Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------------------------------------------ ------------- ------- -------------
<S> <C> <C> <C> <C>
NONE
--------- ----------------
Totals: $0.00 $ 0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL
PREPAID CONTRACTS $ 0.00
b) ADCB OF POOL A AT CLOSING DATE $161,410,790.25
c) (CANNOT EXCEED 10% OVER THE LIFE OF
THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor
Receivables $0.00
b) Total discounted Contract Balance of Substitute
Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection
Account per Contribution & Servicing $0.00
Agreement Section 7.02
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES NO X
------ --------
<TABLE>
<CAPTION>
POOL B Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
----------------------------------------- ------------- ------- -------------
<S> <C> <C> <C>
--------- --------------
Totals: $0.00 $ 0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL
PREPAID CONTRACTS $ 0.00
b) ADCB OF POOL B AT CLOSING DATE $56,843,333.29
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE
POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS
DEFAULTED (> 180 DAYS), THE SERVICER HAS FAILED
TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN
FILED
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor
Receivables
b) Total discounted Contract Balance of Substitute $0.00
Receivables
c) If (a) > (b), amount to be deposited in Collection $0.00
Account per Contribution & Servicing Agreement
Section 7.02
$0.00
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES NO X
----- ---------
<PAGE> 8
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
Cumulative Detail of Substituted Contracts - Non-Performing (Pool A) & General
Rights (Pool B)
<TABLE>
<CAPTION>
POOL A - NON-PERFORMING
Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
------------------------------------------------ ------------- ----------- ---------------
<S> <C> <C> <C> <C>
1097-507 ADVANCED HEALTHCARE RESOURCES $159,644.40 1778-001 $ 48,984.23
1238-501 WILLIAM F SKINNER, M.D. $174,282.67 1777-001 $ 325,671.26
1505-005 NYDIC MEDICAL VENTURES VII, LLC $171,682.66 1855-001 $ 153,223.12
2488-001 HYDRO-TOUCH INC. $110,973.88 1949-001 $ 94,307.11
CASH $ 5,602.11
------------- ---------------
Totals: $622,185.72 $ 622,185.72
</TABLE>
<TABLE>
<S> <C> <C>
a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 622,185.72
b) ADCB OF POOL A AT CLOSING DATE $161,410,790.25
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.39%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor Receivables $0.00
b) Total discounted Contract Balance of Substitute Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection Account per
Contribution & Servicing Agreement Section 7.02 $0.00
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES NO X
----- ---------
<TABLE>
<CAPTION>
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS Predecessor
Discounted Predecessor Discounted
Lease # Lessee Name Present Value Lease # Present Value
----------------------------------------------- ------------- ----------- -------------
<S> <C> <C> <C>
None
------------- --------------
Totals: $0.00 $ 0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL
CONTRACTS SUBSTITUTED $ 0.00
b) ADCB OF POOL B AT CLOSING DATE $56,843,333.29
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE
POOL) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS
DEFAULTED (> 180 DAYS), THE SERVICER HAS
DECLINED TO ADVANCE OR A BANKRUPTCY PETITION
HAS BEEN FILED.
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
a) Total discounted Contract Balance of Predecessor
Receivables $0.00
b) Total discounted Contract Balance of Substitute
Receivables $0.00
c) If (a) > (b), amount to be deposited in Collection
Account per Contribution & Servicing Agreement
Section 7.02 $0.00
</TABLE>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD
YES NO X
----- --------
<PAGE> 9
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE JUNE 12, 2000
XV. POOL PERFORMANCE MEASUREMENTS
1. AGGREGATE DISCOUNTED CONTRACT BALANCE
<TABLE>
<CAPTION>
CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS
------------------------------ ---------------------------
<S> <C> <C> <C>
This Month 4,228,713.62 This Month 131,666,861.65
1 Month Prior 5,380,603.24 1 Month Prior 137,051,752.32
2 Months Prior 5,918,981.19 2 Months Prior 140,945,940.55
Total 15,528,298.05 Total 409,664,554.52
a) 3 MONTH AVERAGE 5,176,099.35 b) 3 MONTH AVERAGE 136,554,851.51
c) a/b 3.79%
</TABLE>
<TABLE>
<S> <C> <C>
2. Does a Delinquency Condition Exist (1c > 6% )?
Yes No X
--------------- ---------------
3. Restricting Event Check
A. A Delinquency Condition exists for current period? Yes No X
---------------- ---------------
B. An Indenture Event of Default has occurred and is then continuing? Yes No X
---------------- ---------------
4. Has a Servicer Event of Default occurred? Yes No X
---------------- ---------------
5. Amortization Event Check
A. Is 1c > 8% ? Yes No X
---------------- ---------------
B. Bankruptcy, insolvency, reorganization; default/violation of
any covenant or obligation not remedied within 90 days? Yes No X
---------------- ---------------
C. As of any Determination date, the sum of all defaulted contracts since
the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X
---------------- ---------------
6. Aggregate Discounted Contract Balance at Closing Date
Balance $218,254,123.54
---------------
</TABLE>
DELINQUENT LEASE SUMMARY
<TABLE>
<CAPTION>
Days Past Due Current Pool Balance # Leases
------------- -------------------- --------
<S> <C> <C>
31 - 60 732,549.90 66
61 - 90 205,760.76 20
91 - 180 4,228,713.62 63
</TABLE>
Approved By:
Lisa J. Cruikshank
Vice President
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