Eh, doesn't really concern me. Almost everywhere you can upload files has a similar clause. The "to the extent we think it necessary for the Service" part rather limits its reach anyway. I don't think any judge is going to agree that publishing for profit without further information a user's original work is "necessary for the Service".
But if you're worried, encrypt your stuff.
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'He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.'
-TJ
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