The error log indicates one of your default files is corrupted:
F:\P3Dv4\Scenery\1004\scenery\APX82390.bgl" (system:1392)
So it cannot be opened. You want to fix this, because it will likely crash the sim when flying in the affected area. The best way to fix this, is to remove that file, and reinstall the "Content" installer, which will restore all missing files for the default scenery,.