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You can buy a server and just host the files there and never share them. Should be kept there as long as you keep paying. Make sure you also pay for backup done by provider.
 
Using a server for backups is not a problem. Most businesses have no problem hosting private files. It is when they become public is the issue. So long as they are not being publicly shared (DMCA related materials), then it is fine. It is perfectly fine to store you own files and software. You can purchase one, or use a paid storage service.
 
You can buy 2-4 HDDs and setup a RAID 1-10 on an old PC, install some linux distro (or even windows) ... and that's your storage server.
 
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