I can't see that picture fella. But when it comes to the temps, there are a number of reasons for it being that high. First up is that there may be air bubbles between the cooler and the CPU which would stop the cooler from dissipating the heat properly. The next is that there is too much or not enough thermal paste, which would also stop the effective transfer between CPU and cooler. As I don't know if you lifted the cooler off completely when you reseated it, I can only guess as to which one is the actual problem.
My advice for now would be to leave everything as it is, don't attempt any overclocking and order yourself some MX-5 thermal paste. Once it arrives strip everything apart and clean off all the old thermal paste thoroughly...