Firstly asuming its a modern chip it is perfectly safe, they cut out well before damage (100deg+).
What is the CPU cooler, is it at stock?
Yes that does seem right with the fan orientation, something is not right with your thermal compound or cooler seating though, I have managed to get a Thunderbird to 55 in the S80 at idle (1.6ghz) which is really going some, something is not right.
What motherboard is it and is the motherboard reporting correctly, remmember the BIOS is not always right.
EG:
NF7 v2 with my 2400xp, = 80 load, revise the bios = 45 load.
Thats it, and the 45 was being generous aswell at that considering it had a delta on a Akasa Silver Mountain 2Q hooked up to it.
I follow this rule, if its stable, its fine. If you dont you are always hunting for lower temperatures, but I will say unless that is a P-D it is very high, if it is a P-D or Prescott, great temps!