An exhibit in a legal dispute between the Michigan Republican Party and Comerica Bank has revealed that the troubled state party has been in default on loan repayments for more than 120 days. The exhibit, which was flagged by Detroit News reporter Craig Mauger, is a notice of default that the party received last month alleging that the party missed interest loan payments for three consecutive months. “The Note is a demand obligation, and Bank has the right at any time to make demand,” the notice stated. “Bank will invoke the default rate of interest, which is the highest rate of interest under…