The first part recalls the greetings to Mary in Luke 1:28 and 1:42. The second asks her to intercede for us. Catholics honor Mary and ask her prayers; worship belongs to God.
Traditional English devotional form
Hail Mary, full of grace, the Lord is with thee. Blessed art thou amongst women, and blessed is the fruit of thy womb, Jesus. Holy Mary, Mother of God, pray for us sinners, now and at the hour of our death. Amen.
Bring it into your day
Pray slowly for someone who needs comfort today.