As you have found Event videos last 12 seconds and have a 5-minute cool down, you can however record to SDcard and that does not have a cool down or limit. The SD card videos will not show up in the Events tab. The SD card videos can be found by looking at the live view and hitting the view playback button at the bottom.
If you are interested you can also subscribe to Complete Motion Capture which would remove the cool down and limit to the cloud videos.
@greglj, Sorry for the delay getting back to you, you can enable both the cloud recording and event recording to the SD card, you will only get notified of the cloud recordings though so notifications would still be 5-minutes apart. The notifications are tied to the cloud events.
What I do is use the cloud events to determine if i need to look further on the SD card, not a perfect solution but it works for the ones I do not have CMC on. I have CMC enabled on some which eliminates the 5-minute cool down.