Edit .
prev - , ro - readonly (true/false).
readonly ! ro (not ro), " , ( , )", prev .
this , ro.
$('[name="Edit"]').on('click', function() {
var prev = $(this).prev('input'),
ro = prev.prop('readonly');
prev.prop('readonly', !ro).focus();
$(this).val(ro ? 'Save' : 'Edit');
});
FIDDLE