Full text of Netanyahu's foreign policy speech at Bar Ilan

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I appeal to you, our Palestinian neighbors, and to the leadership of the Palestinian Authority. Let us begin peace negotiations immediately without prior conditions. Israel is committed to international agreements, and expects all sides to fulfill their obligations.
I say to the Palestinians: We want to live with you in peace, quiet, and good neighborly relations. We want our children and your children to 'know war no more.'

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I came here tonight to talk about the agreement and security that are broad consensus within Israeli society. This is what guides our policy. This policy must take into account the international situation. We have to recognize international agreements but also principles important to the State of Israel. I spoke tonight about the first principle - recognition. Palestinians must truly recognize Israel as the state of the Jewish people. The second principle is demilitarization. Any area in Palestinian hands has to be demilitarization, with solid security measures. Without this condition, there is a real fear that there will be an armed Palestinian state which will become a terrorist base against Israel, as happened in Gaza. We do not want missiles on Petah Tikva, or Grads on the Ben-Gurion international airport. We want peace. (Applause)
And, to ensure peace we don?t want them to bring in missiles or rockets or have an army, or control of airspace, or make treaties with countries like Iran, or Hizbullah. There is broad agreement on this in Israel. We cannot be expected to agree to a Palestinian state without ensuring that it is demilitarized. This is crucial to the existence of Israel ? we must provide for our security needs.

http://www.haaretz.com/hasen/spages/1092810.html

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There are about 25 paragraphs between the without precondition and Israels preconditions