You have correctly described what happens to start a graveyard spiral, and when you say "the plane's behaviour is basic aerodynamics" you are correct - but it is the aerodynamics of an airplane undergoing the onset of spiral divergence, and it is that spiral divergence, together with the pilot's failure to notice what is happening and correct appropriately for it, that leads to the increasing bank and falling nose. The bank increases despite the fact that the airplane has some static roll stability and despite the fact that the pilot has taken no action to command it.
"Three types of airplane motion can result from the interaction of yaw and roll:
1. Spiral divergence results when the static directional stability is great in comparison to the static lateral stability (dihedral effect). If a wing is lowered, the directional stability is greater than the roll stability and the aircraft will not sideslip readily. Thus, the dihedral effect is weak and the wing will not rise to the level position. The airplane tends to enter an ever-tightening spiral dive commonly called a graveyard spiral.
Flight Theory and Aerodynamics: A Practical Guide for Operational Safety (Charles E. Dole & James E. Lewis), page 274.
Just as in the case of the Graveyard Spiral.
But that's not a point I seem to be able to get across, so we can just let it rest.