We describe a magnetic resonance force microscopy experiment carried out using both a fast- relaxing spin system and a frequency- modulation mode detection method, presenting a validation of the measured signal and sensitivity. The detection method applied along with a self- excited cantilever oscillation worked stably without any serious interference due to spurious cantilever excitation despite application of first- harmonic microwave modulation, and thereby successfully created almost the maximum available signal. The signal could be measured without distortion while the magnetic field was swept at a rate of 1.9 G s(-1). The measured sensitivity approached the thermal noise limit of the cantilever with a high quality factor. The experimental results for both signal and noise were in good agreement with theoretical predictions.