The modulational instability (MI) phenomenon in the nonlinear Schrodinger equation (NLSE) extended by two different nonlinear dispersion terms and the gradient term is investigated. We find that the possibility of instability of plane waves depends on the sign of the nonlinear dispersion parameters with regard to the linear dispersion coefficient. In contrast to the basic NLSE, the system may exhibit instability in the defocusing media for amplitude exceeding a critical value depending on the magnitude of the nonlinear dispersion. An additional feature, namely the higher order or the infinite gain band, absent in the NLSE case, may appear and in which MI induces the birth of the nonlinear localized wave (NLW) of different carrier wave numbers. The result of the qualitative investigations of the system's dynamics indicates the existence of the NLW, such as peak, bright, dark, and compact dark solitary waves which can be well predicted by the MI criteria. In addition the nonlinear dispersion induces the existence of a pair of bright-dark solitary waves which is usually exhibited by the coupled NLSEs only, and the pairs of peak-dark and compact dark-bright solitary waves.
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