I'm not sure if this is exactly what is causing the problem, but it seems if I spawn in the world near or go near a Stoneholm Village, the game crashes. The only way I was able to tell is in the crash report so I may be wrong. I know that Stoneholm tends to generate with water in them if it generates underwater, so this may be the culprit, but I figured I would report it in case I'm wrong.

Crash Report