iOS 5.1.1 is the last iOS for the iPad 1, so you wouldn't need blobs to upgrade it since it's the latest iOS and is still being signed for the iPad 1. Before upgrading, always make a backup of your data using iTunes (to preserve your data like photos and videos and almost all user settings). Once you're backed up, simply restore using iTunes, and once the restore is done, restore from the backup you've made. Make sure you restore in DFU mode to make sure that it goes through flawlessly without any loose ends.