Sounds like head bearings are shot. They normally 'wear' a depression in races in the straight ahead position which results in play. This is often noticeable as a clunk when you brake and easily diagnosed if you can lift the front wheel clear of the ground and then push the fork legs front and back - you'll feel the free play at the head-stock. Also, if you turn the bars right and left you'll feel the rough bit in the middle. The tightness you feel is a bit different and may have resulted from the locknut loosening off so the races have become overtightened (have you had the bike long - could a previous owner have tried to take out the free play and overdone it?)
Wear can happen for several reasons: old age and rough roads, bad adjustment (slack) so the bearings are hammered or accelerated wear because they have been adjusted too tight. Or simply they have not been greased enough and/or water has got in and corroded them.
Yours sound shot, so expect to replace the bearings. If they are knackered it's easy enough to do apart from driving out the inner races from the frame as there's often very little of the edge of the bearing race to hit with a drift. Just make sure they come out and the new ones are driven in square.
Set the new ones up so there's no play felt with front in the air (as mentioned above) but whatever you do don't overtighten past this point. Go for a short ride ans check the adjustment again after they have settled in.
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