In limited extremes I have dwelt (5)
I believe the answer is:
lived
'dwelt' is the definition.
('live' can be a synonym of 'dwell')
'in limited extremes i have' is the wordplay.
'in' indicates putting letters inside.
'extremes' suggests removing the centre.
'i have' becomes 'ive' (contraction of 'I have').
'limited' with its middle taken out is 'ld'.
'ld' enclosing 'ive' is 'LIVED'.
(Other definitions for lived that I've seen before include "Existed or dwelt" , "Escaped destruction" .)