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<PAGE> 1
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
<TABLE>
<S> <C>
I. RECONCILIATION OF COLLECTION ACCOUNT:
End of Period Collection Account Balance as of Prior Payment Date: 500,561.91
Available Funds:
Contract Payments due and received in this period 3,450,271.06
Contract Payments due in prior period(s) and received in
this period 329,021.34
Contract Payments received in this period for next period 112,448.33
Sales, Use and Property Tax payments received 200,504.01
Prepayment Amounts related to early termination in this
period 1,460,595.63
Servicer Advance 349,624.85
Proceeds received from recoveries on previously Defaulted
Contracts 0.00
Transfer from Reserve Account 11,811.52
Interest earned on Collection Account 15,103.07
Interest earned on Affiliated Account 10,412.36
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 6,440,354.08
Less: Amounts to be Retained in Collection Account 433,864.75
-------------
AMOUNT TO BE DISTRIBUTED 6,006,489.33
=============
DISTRIBUTION OF FUNDS:
1. To Trustee - Fees 0.00
2. To Servicer, any unreimbursed Nonrecoverable
Advances or Servicer Advances 329,021.34
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 4,514,042.50
a) Class A3 Principal (distributed after A1
and A2 Notes mature) and Interest 182,832.00
b) Class B Principal and Interest 107,878.57
c) Class C Principal and Interest 122,404.37
d) Class D Principal and Interest 124,813.79
e) Class E Principal and Interest 129,609.00
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) 31,888.40
b) Residual Principal (Provided no
Restricting or Amortization Event in effect) 178,928.86
c) Reserve Account Distribution (Provided no
Restricting or Amortization Event in effect) 11,811.52
6. To Servicer, Tax, Maintenance, Late Charges and Bank
Interest Earned and Any Other Amounts 226,019.44
7. To Servicer, Servicing Fee and other Servicing
Compensations 47,239.54
-------------
TOTAL FUNDS DISTRIBUTED 6,006,489.33
=============
End of Period Collection Account Balance {Includes Payments in
Advance & Restricting Event Funds (if any)} 433,864.75
=============
II. RESERVE ACCOUNT
Beginning Balance $2,182,541.24
- Add Investment Earnings 11,811.52
- Add Transfer from Certificate Account (To Satisfy Reserve Account
Requirement) 0.00
- Less Distribution to Certificate Account 11,811.52
-------------
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 AUGUST 11, 2000
<TABLE>
<S> <C> <C>
III. CLASS A NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class A Notes
Pool A 90,209,505.41
Pool B 20,015,738.13
-------------
110,225,243.54
Class A Overdue Interest, if any 0.00
Class A Monthly Interest - Pool A 427,102.00
Class A Monthly Interest - Pool B 94,765.64
Class A Overdue Principal, if any 0.00
Class A Monthly Principal - Pool A 3,200,805.56
Class A Monthly Principal - Pool B 974,201.30
-------------
4,175,006.86
Ending Principal Balance of the Class A Notes
Pool A 87,008,699.85
Pool B 19,041,536.83
-------------
--------------
106,050,236.68
==============
</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
$ 2.732692 $ 21.861880 55.531825%
</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 72,135,243.54
Class A3 38,090,000.00
-------------
110,225,243.54
Class A Monthly Interest
Class A1 (Actual Number Days/360) 0.00
Class A2 339,035.64
Class A3 182,832.00
Class A Monthly Principal
Class A1 0.00
Class A2 4,175,006.86
Class A3 0.00
-------------
4,175,006.86
Ending Principal Balance of the Class A Notes
Class A1 0.00
Class A2 67,960,236.68
Class A3 38,090,000.00
------------- --------------
106,050,236.68
==============
</TABLE>
<PAGE> 3
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
<TABLE>
<S> <C> <C>
V. CLASS B NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class B Notes
Pool A 2,061,876.61
Pool B 457,483.24
------------
2,519,359.85
Class B Overdue Interest, if any 0.00
Class B Monthly Interest - Pool A 10,189.11
Class B Monthly Interest - Pool B 2,260.73
Class B Overdue Principal, if any 0.00
Class B Monthly Principal - Pool A 73,161.27
Class B Monthly Principal - Pool B 22,267.46
------------
95,428.73
Ending Principal Balance of the Class B Notes
Pool A 1,988,715.34
Pool B 435,215.78
------------ ------------
2,423,931.12
============
</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
$ 2.852197 $ 21.862252 55.531068%
</TABLE>
<TABLE>
<S> <C> <C>
VI. CLASS C NOTE PRINCIPAL BALANCE
Beginning Principal Balance of the Class C Notes
Pool A 2,319,855.23
Pool B 514,754.60
------------
2,834,609.83
Class C Overdue Interest, if any 0.00
Class C Monthly Interest - Pool A 12,314.56
Class C Monthly Interest - Pool B 2,732.49
Class C Overdue Principal, if any 0.00
Class C Monthly Principal - Pool A 82,306.43
Class C Monthly Principal - Pool B 25,050.89
-----------
107,357.32
Ending Principal Balance of the Class C Notes
Pool A 2,237,548.80
Pool B 489,703.71
------------ ------------
2,727.252.51
============
</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
$ 3.063976 $ 21.860783 55.534056%
</TABLE>
<PAGE> 4
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
<TABLE>
<CAPTION>
VII. CLASS D NOTE PRINCIPAL BALANCE
<S> <C> <C>
Beginning Principal Balance of the Class D Notes
Pool A 2,319,855.23
Pool B 514,754.60
2,834,609.83
Class D Overdue Interest, if any 0.00
Class D Monthly Interest - Pool A 14,286.44
Class D Monthly Interest - Pool B 3,170.03
Class D Overdue Principal, if 0.00
any
Class D Monthly Principal - Pool A 82,306.43
Class D Monthly Principal - Pool B 25,050.89
107,357.32
Ending Principal Balance of the Class D Notes
Pool A 2,237,548.80
Pool B 489,703.71
2,727,252.51
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,910,955 Original Face $4,910,955 Balance Factor
<S> <C> <C>
$3.554598 $21.860783 55.534056%
</TABLE>
<TABLE>
<CAPTION>
VIII. CLASS E NOTE PRINCIPAL BALANCE
<S> <C> <C>
Beginning Principal Balance of the Class E Notes
Pool A 2,319,855.23
Pool B 514,754.60
2,834,609.83
Class E Overdue Interest, if any 0.00
Class E Monthly Interest - Pool A 18,210.86
Class E Monthly Interest - Pool B 4,040.82
Class E Overdue Principal, if 0.00
any
Class E Monthly Principal - Pool A 82,306.43
Class E Monthly Principal - Pool B 25,050.89
107,357.32
Ending Principal Balance of the Class E Notes
Pool A 2,237,548.80
Pool B 489,703.71
2,727,252.51
</TABLE>
<TABLE>
<CAPTION>
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal
Original Face $4,910,955 Original Face $4,910,955 Balance Factor
<S> <C> <C>
$4.531029 $21.860783 55.534056%
</TABLE>
<PAGE> 5
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
<TABLE>
<CAPTION>
IX. ISSUERS RESIDUAL PRINCIPAL BALANCE
Beginning Residual Principal Balance
<S> <C> <C>
Pool A 3,865,932.51
Pool B 857,750.75
------------
4,723,683.26
Residual Interest - Pool A 24,915.57
Residual Interest - Pool B 6,972.83
Residual Principal - Pool A 137,177.38
Residual Principal - Pool B 41,751.48
------------
178,928.86
Ending Residual Principal Balance
Pool A 3,728,755.13
Pool B 815,999.27
------------
------------
4,544,754.40
============
X. PAYMENT TO SERVICER
- Collection period Servicer Fee 47,239.54
- Servicer Advances reimbursement 329,021.34
- Tax, Maintenance, Late Charges, Bank Interest and other amounts 226,019.44
------------
Total amounts due to Servicer 602,280.32
============
</TABLE>
<PAGE> 6
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
<TABLE>
<CAPTION>
XI. AGGREGATE DISCOUNTED CONTRACT BALANCE
<S> <C> <C>
POOL A
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
beginning of the related Collection Period 103,096,880.30
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 3,658,063.49
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
--------------
ending of the related Collection Period 99,438,816.81
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 2,266,596.25
- Principal portion of Prepayment Amounts 1,391,467.24
- 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 3,658,063.49
============
POOL B
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
beginning of the related Collection Period 22,875,235.75
Aggregate Discounted Contract Balance of Additional Contracts acquired during
Collection Period 0.00
Decline in Aggregate Discounted Contract Balance 1,113,372.92
Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the
--------------
ending of the related Collection Period 21,761,862.83
==============
Components of Decline in Aggregate Discounted Contract Balance:
- Principal portion of Contract Payments and Servicer Advances 1,051,602.46
- Principal portion of Prepayment Amounts 61,770.46
- 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 1,113,372.92
============
--------------
AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 121,200,679.64
==============
</TABLE>
<PAGE> 7
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 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%
</TABLE>
<TABLE>
<CAPTION>
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
<S> <C>
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>
<TABLE>
<S> <C> <C>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
----- -----
</TABLE>
<TABLE>
<CAPTION>
POOL B 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 B AT CLOSING DATE $56,843,333.29
c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
</TABLE>
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS),
THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS
BEEN FILED
<TABLE>
<CAPTION>
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
<S> <C>
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>
<TABLE>
<S> <C> <C>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
----- -----
</TABLE>
<PAGE> 8
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 2000
XIV. 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
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%
</TABLE>
<TABLE>
<CAPTION>
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS
<S> <C>
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>
<TABLE>
<S> <C> <C>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
----- -----
</TABLE>
<TABLE>
<CAPTION>
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS 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 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%
</TABLE>
* 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
<TABLE>
<S> <C>
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>
<TABLE>
<S> <C> <C>
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X
---- -----
</TABLE>
<PAGE> 9
DVI BUSINESS TRUST 1998-2
SERVICER REPORT
FOR THE PAYMENT DATE AUGUST 11, 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 608,701.02 This Month 121,200,679.64
1 Month Prior 1,883,206.48 1 Month Prior 125,972,116.05
2 Months Prior 4,228,713.62 2 Months Prior 131,666,861.65
Total 6,720,621.12 Total 378,839,657.34
a) 3 MONTH AVERAGE 2,240,207.04 b) 3 MONTH AVERAGE 126,279,885.78
c) a/b 1.77%
</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 1,191,175.09 64
61 - 90 606,710.86 16
91 - 180 608,701.02 38
</TABLE>
Approved By:
Lisa J. Cruikshank
Vice President
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