Something wrong is happening with your device with current configuration.
The CPU is under heavy load, there are out of memory errors and modem seems to be hung.
Could you triy installing the latest 7.04 firmware with Keep settings option set to off, reconfigure your device and check if the same issue present here?
If it persists, I would like a troubleshoot file from 7.04, to provide it to the development team in order to consult about the possible reasons and solution for the issue.
Best regards,