Bug loading whole world and textures

Well i have trouble loading my world. It loads and after couple of seconds all textures dissapear you can se the bound box and lava like you had an x ray and mobs,but everything else its blank transparent. I get this error,and im using vanill fresh downloaded .minecraft version 1.7.10 and below also didn't work for me. Please if you could tell me how to fix this i would appriciate it a lot. Keep up the good work guys!

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