02:28:55.420: Output 'adv_stream': Total encoded frames: 915218
02:28:55.420: Output 'adv_stream': Total drawn frames: 915219
02:28:55.420: Output 'adv_stream': Number of skipped frames due to encoding lag: 1316 (0.1%)
02:28:55.420: Output 'adv_stream': Number of lagged frames due to rendering lag/stalls: 3791 (0.4%)
02:28:55.420: Output 'adv_stream': Number of dropped frames due to insufficient bandwidth/connection stalls: 3924 (0.4%)
The output from your logfile shows you have some slight issues with your CPU load, some issues with your GPU load and issues with your Bandwidth.
Most important of all in regards to streaming:
You can't run your bitrate at 3000, unfortunately have to change that back to 2800.
To note: Your gtx970 GPU whilst technically has 4GB of VRAM, it is only good for 3.5GB, 512MB of your VRAM is much slower speed and can cause performance issues if you exceed 3.5GB VRAM usage.
For your CPU & GPU issues:
I noticed in your logfile that is of real concern, which is quite possible to be the cause of freezing issues:
02:30:57.040: ┃ ┣download_frame: min=0 ms, median=0.002 ms,
max=5279.46 ms, 99th percentile=0.008 ms
The above line in your logfile is an indicator of how long it takes for your CPU or GPU (Dependent upon encoder used, in your case CPU as you are using x264 for streaming) to grab a frame from the CPU or GPU (Again, dependent upon encoder used) However, it is very dependent upon how quickly your GPU is rendering frames, for 30fps recording/streaming to be smooth the maximum should be no more than 33.3ms, for 60fps it should be no more than 16.67ms, for 120fps, 8.8ms, etc. Your maximum frame time is literally 5.2 seconds long for at least one frame, which is why you are seeing that freeze you mentioned, I believe.
Now I could be wrong here and please don't alarmed as if it is the case it is easily fixable...
Perhaps there is a resident display driver interfering with your current display drivers, perhaps it is an audio driver conflicting.
I think you need to do a clean install of your GPU drivers, maybe also check for updated Audio, CPU and motherboard drivers. I've never seen anything over ~500ms on my system, and that is only when I am Alt-tabbing into the game after starting a recording, whilst the game is still on a loading screen.
If you haven't done a clean installation of GPU drivers before, you can download Display Driver Uninstaller from:
http://www.wagnardsoft.com/forums/viewtopic.php?f=5&t=765
Latest version is v17.0.5.5
Be sure to download the latest drivers from nVidia:
http://www.nvidia.com/download/driverResults.aspx/115886/en-us <--- Windows 7/8.1 64 bit drivers.
Latest version is 378.78 WHQL
Make sure to set compatibility of DDU to run as an Administrator, to alleviate issues with ownership privileges (If any)
You can use DDU to reboot into safe mode automatically when you run the program (Recommended to avoid Display hangs, BSOD, Driver in use errors)
Only tick the nVidia driver components to uninstall
Run DDU to uninstall your GPU drivers
Restart your PC, re-install the latest nVidia drivers
Once all your drivers are up to date and your bitrate is back to 2800, can you do another stream attempt and upload the logfile please.
I really hope this helps and am here to help!