I would agree that this is worth a try, but I would not count on it being successful.
You are trying to emphasize that you did well your freshman year, so you have already proven that you are capable of doing better. The unfortunate outside issues involving the death of your loved ones are non-recurring, but they nevertheless affected your ability to focus on your academics during your entire sophomore year. You made several bad choices and didn’t pay attention to the terms of the initial financial aid/scholarship.
Perhaps you could request that they reinstate your scholarship for the first semester of the next school year, so you could prove to them that you are committed to taking the right steps to making academics your priority.
Best of luck to you - and as suggested above, if they want you to take time away and take CC level courses to reinstate your academic standing, that might be the best approach.