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Unraveling real eigenfrequencies in non-Hermitian $\mathcal{PT}$-symmetric Hamiltonians has opened new avenues in quantum physics, photonics, and most recently, phononics. However, the existing literature squarely focuses on exploiting such systems in the context of scattering profiles (i.e., transmission and reflection) at the boundaries of a modulated waveguide, rather than the rich dynamics of the non-Hermitian medium itself. In this work, we investigate the wave propagation behavior of a one-dimensional non-Hermitian elastic medium with a universal complex stiffness modulation which encompasses a static term in addition to real and imaginary harmonic variations in both space and time. Using plane wave expansion, we conduct a comprehensive dispersion analysis for a wide set of sub-scenarios to quantify the onset of complex conjugate eigenfrequencies, and set forth the existence conditions for gaps which emerge along the wavenumber space. Upon defining the hierarchy and examining the asymmetry of these wavenumber gaps, we show that both the position with respect to the wavenumber axis and the imaginary component of the oscillatory frequency largely depend on the modulation type and gap order. Finally, we demonstrate the coalescence of multiple Bloch-wave modes at the emergent exceptional points where significant direction-dependent amplification can be realized by triggering specific harmonics through a process which is detailed herein.