Posted coordinates are near Eliezer Shustak circle. He was a minister in the government of Israel, i tried finding a spot that is related to the puzzle.. the clue here is "Eliezer"
Now what is written here? Sorry, but i also made few minor typos, though it sounds the same.
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loco ce n tree doo grado spaco cvar. cvar cvin , e tree cvar spaco cvar now. cvin cvar sep , serco en arbo
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Arriving at the house, you will see a german beetle, this way you will be sure this is the right place. Keep in mind there are other neighbors living in the house, stay only in the yard, and if anyone asks say you know Chaim חיים. GZ is at the back of the yard right side, cache is tied on a tree.
Although your presence is permitted, i am not responsible for anything that happens, if the nutty professor catches you. Nutty is a subtle description. More like insane, crazy, eccentric. And you will recognize him when you see him 
I am joking. He will be delighted to meet more players of geocaching and loved to hear about visitors from far away lands.
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