The Loves matched the best front-nine score at 7-under 29, then parred Nos. 10-12 to slip off the pace. A birdie at the short par-4 13th broke the skid.
The Funks only got into the field Wednesday, when Dave Stockton and son Dave Jr. withdrew because of a death in the family. Fred had to scramble to rearrange some sponsor obligations, but got in one pro-am round before teeing it up Saturday.
"It was tough to get it all worked out, but it was great," said Fred Funk, who qualified for the field by virtue of his 2005 Players Championship triumph.
Arnold Palmer, the oldest player in the field at 83, had an 80 in tandem with grandson Will Wears. It was the first appearance for the big-hitting Wears, a Pennsylvania high-school senior who watched cousin Sam Saunders play in earlier editions.
All players and caddies wore black ribbons to honor the victims of the school shootings in Connecticut. The tournament also held a moment of silence on the first tee before Lee and Connor Janzen struck the opening drives.