I think the only ones that can answer this question directly are the paypal staff themselves.
That said, I personally don't think it'd be impossible to do what you want to do, providing
A> you kept your bank account and information up to date
B> You kept your address information up to date.
You don't need to make the Israel address your primary address, but it would be suggested you add it so they can get ahold of you if necessary.
Of course, as I said, I'm not paypal, the only thing you can do is check with them.
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