For instance a passage could read like...
As the Dragonborn (insert name here) rode off into the town of Riverwood with the (insert armor name) armor and (insert weapon name) that he pillaged off a guard that he/she slain during Aduin's invasion of Helgen, he came across three three large stones that he/she has never seen before...
Even going onto more personal aspects of the game...
As time went on with the Companions, (insert name here)'s fondness of Aela grew stronger and stronger and faced with the notion of facing the monumental burden of being the Dragonborn, he decided to ask her hand in marriage...
I know a customized story system would probably be a monumental undertaking when you consider the infinite possibilities and decisions that your character will be making, but I think it would really add to the experience...