diff --git a/examples/code-highlighting/index.js b/examples/code-highlighting/index.js
index 91278f48a..db5cddfcd 100644
--- a/examples/code-highlighting/index.js
+++ b/examples/code-highlighting/index.js
@@ -55,7 +55,39 @@ function CodeBlock(props) {
 
 const schema = {
   nodes: {
-    code: CodeBlock
+    code: {
+      component: CodeBlock,
+      decorator: (block, text) => {
+        let characters = text.characters.asMutable()
+        const language = block.data.get('language')
+        const string = text.text
+        const grammar = Prism.languages[language]
+        const tokens = Prism.tokenize(string, grammar)
+        let offset = 0
+
+        for (const token of tokens) {
+          if (typeof token == 'string') {
+            offset += token.length
+            continue
+          }
+
+          const length = offset + token.content.length
+          const type = `highlight-${token.type}`
+
+          for (let i = offset; i < length; i++) {
+            let char = characters.get(i)
+            let { marks } = char
+            marks = marks.add(Mark.create({ type }))
+            char = char.merge({ marks })
+            characters = characters.set(i, char)
+          }
+
+          offset = length
+        }
+
+        return characters.asImmutable()
+      }
+    }
   },
   marks: {
     'highlight-comment': {
@@ -131,7 +163,6 @@ class CodeHighlighting extends React.Component {
         <Editor
           schema={schema}
           state={this.state.state}
-          renderDecorations={this.renderDecorations}
           onKeyDown={this.onKeyDown}
           onChange={this.onChange}
         />
@@ -139,47 +170,6 @@ class CodeHighlighting extends React.Component {
     )
   }
 
-  /**
-   * Render decorations on `text` nodes inside code blocks.
-   *
-   * @param {Text} text
-   * @param {Block} block
-   * @return {Characters}
-   */
-
-  renderDecorations = (text, block) => {
-    if (block.type != 'code') return text.characters
-
-    let characters = text.characters.asMutable()
-    const language = block.data.get('language')
-    const string = text.text
-    const grammar = Prism.languages[language]
-    const tokens = Prism.tokenize(string, grammar)
-    let offset = 0
-
-    for (const token of tokens) {
-      if (typeof token == 'string') {
-        offset += token.length
-        continue
-      }
-
-      const length = offset + token.content.length
-      const type = `highlight-${token.type}`
-
-      for (let i = offset; i < length; i++) {
-        let char = characters.get(i)
-        let { marks } = char
-        marks = marks.add(Mark.create({ type }))
-        char = char.merge({ marks })
-        characters = characters.set(i, char)
-      }
-
-      offset = length
-    }
-
-    return characters.asImmutable()
-  }
-
 }
 
 /**
diff --git a/lib/components/content.js b/lib/components/content.js
index 4ea5a47ea..f24caf6da 100644
--- a/lib/components/content.js
+++ b/lib/components/content.js
@@ -55,7 +55,6 @@ class Content extends React.Component {
     onPaste: React.PropTypes.func.isRequired,
     onSelect: React.PropTypes.func.isRequired,
     readOnly: React.PropTypes.bool.isRequired,
-    renderDecorations: React.PropTypes.func.isRequired,
     schema: React.PropTypes.object,
     spellCheck: React.PropTypes.bool.isRequired,
     state: React.PropTypes.object.isRequired,
@@ -141,27 +140,18 @@ class Content extends React.Component {
    */
 
   getPoint(element, offset) {
+    const { state, editor } = this.props
+    const { document } = state
+    const schema = editor.getSchema()
     const offsetKey = OffsetKey.findKey(element, offset)
-    const ranges = this.getRanges(offsetKey.key)
+    const { key } = offsetKey
+    const node = document.getDescendant(key)
+    const decorators = document.getDescendantDecorators(key, schema)
+    const ranges = node.getRanges(decorators)
     const point = OffsetKey.findPoint(offsetKey, ranges)
     return point
   }
 
-  /**
-   * Get the ranges for a text node by `key`.
-   *
-   * @param {String} key
-   * @return {List}
-   */
-
-  getRanges(key) {
-    const { state, renderDecorations } = this.props
-    const node = state.document.getDescendant(key)
-    const block = state.document.getClosestBlock(node)
-    const ranges = node.getDecoratedRanges(block, renderDecorations)
-    return ranges
-  }
-
   /**
    * On before input, bubble up.
    *
@@ -372,7 +362,7 @@ class Content extends React.Component {
     e.preventDefault()
 
     const window = getWindow(e.target)
-    const { state, renderDecorations } = this.props
+    const { state } = this.props
     const { selection } = state
     const { dataTransfer, x, y } = e.nativeEvent
     const transfer = new Transfer(dataTransfer)
@@ -429,14 +419,23 @@ class Content extends React.Component {
     debug('onInput')
 
     const window = getWindow(e.target)
-    let { state, renderDecorations } = this.props
-    const { selection } = state
+
+    // Get the selection point.
     const native = window.getSelection()
     const { anchorNode, anchorOffset, focusOffset } = native
     const point = this.getPoint(anchorNode, anchorOffset)
     const { key, index, start, end } = point
-    const ranges = this.getRanges(key)
+
+    // Get the range in question.
+    const { state, editor } = this.props
+    const { document, selection } = state
+    const schema = editor.getSchema()
+    const decorators = document.getDescendantDecorators(key, schema)
+    const node = document.getDescendant(key)
+    const ranges = node.getRanges(decorators)
     const range = ranges.get(index)
+
+    // Get the text information.
     const isLast = index == ranges.size - 1
     const { text, marks } = range
     let { textContent } = anchorNode
@@ -457,7 +456,7 @@ class Content extends React.Component {
     const after = selection.collapseToEnd().moveForward(delta)
 
     // Create an updated state with the text replaced.
-    state = state
+    const next = state
       .transform()
       .moveTo({
         anchorKey: key,
@@ -471,7 +470,7 @@ class Content extends React.Component {
       .apply()
 
     // Change the current state.
-    this.onChange(state)
+    this.onChange(next)
   }
 
   /**
@@ -562,7 +561,7 @@ class Content extends React.Component {
     if (isNonEditable(e)) return
 
     const window = getWindow(e.target)
-    const { state, renderDecorations } = this.props
+    const { state } = this.props
     let { document, selection } = state
     const native = window.getSelection()
     const data = {}
@@ -683,7 +682,7 @@ class Content extends React.Component {
    */
 
   renderNode = (node) => {
-    const { editor, renderDecorations, schema, state } = this.props
+    const { editor, schema, state } = this.props
 
     return (
       <Node
@@ -692,7 +691,6 @@ class Content extends React.Component {
         schema={schema}
         state={state}
         editor={editor}
-        renderDecorations={renderDecorations}
       />
     )
   }
diff --git a/lib/components/editor.js b/lib/components/editor.js
index 8dad464a3..4ec4b777f 100644
--- a/lib/components/editor.js
+++ b/lib/components/editor.js
@@ -62,7 +62,6 @@ class Editor extends React.Component {
     placeholderStyle: React.PropTypes.object,
     plugins: React.PropTypes.array,
     readOnly: React.PropTypes.bool,
-    renderDecorations: React.PropTypes.func,
     schema: React.PropTypes.object,
     spellCheck: React.PropTypes.bool,
     state: React.PropTypes.object.isRequired,
@@ -264,7 +263,6 @@ class Editor extends React.Component {
         editor={this}
         onChange={this.onChange}
         readOnly={this.props.readOnly}
-        renderDecorations={this.renderDecorations}
         schema={this.state.schema}
         spellCheck={this.props.spellCheck}
         state={this.state.state}
@@ -273,24 +271,6 @@ class Editor extends React.Component {
     )
   }
 
-  /**
-   * Render the decorations for a `text`, cascading through the plugins.
-   *
-   * @param {Block} text
-   * @param {Block} block
-   * @return {Object}
-   */
-
-  renderDecorations = (text, block) => {
-    for (const plugin of this.state.plugins) {
-      if (!plugin.renderDecorations) continue
-      const style = plugin.renderDecorations(text, block, this.state.state, this)
-      if (style) return style
-    }
-
-    return text.characters
-  }
-
   /**
    * Resolve the editor's current plugins from `props` when they change.
    *
diff --git a/lib/components/node.js b/lib/components/node.js
index 9261dbd13..89ac39326 100644
--- a/lib/components/node.js
+++ b/lib/components/node.js
@@ -31,13 +31,11 @@ class Node extends React.Component {
    */
 
   static propTypes = {
-    block: React.PropTypes.object,
     editor: React.PropTypes.object.isRequired,
     node: React.PropTypes.object.isRequired,
-    renderDecorations: React.PropTypes.func.isRequired,
     schema: React.PropTypes.object.isRequired,
     state: React.PropTypes.object.isRequired
-  };
+  }
 
   /**
    * Constructor.
@@ -122,8 +120,8 @@ class Node extends React.Component {
       props.node.kind == 'text' &&
       props.block != this.props.block
     ) {
-      const nextRanges = props.node.getDecoratedRanges(props.block, props.renderDecorations)
-      const ranges = this.props.node.getDecoratedRanges(this.props.block, this.props.renderDecorations)
+      const nextRanges = props.node.getRanges(props.decorators)
+      const ranges = this.props.node.getRanges(this.props.decorators)
       if (!ranges.equals(nextRanges)) return true
     }
 
@@ -213,17 +211,13 @@ class Node extends React.Component {
    */
 
   renderNode = (child) => {
-    const { editor, node, renderDecorations, schema, state } = this.props
-    const block = node.kind == 'block' ? node : this.props.block
     return (
       <Node
         key={child.key}
-        block={block}
         node={child}
-        schema={schema}
-        state={state}
-        editor={editor}
-        renderDecorations={renderDecorations}
+        editor={this.props.editor}
+        schema={this.props.schema}
+        state={this.props.state}
       />
     )
   }
@@ -279,8 +273,10 @@ class Node extends React.Component {
    */
 
   renderText = () => {
-    const { node, block, renderDecorations } = this.props
-    const ranges = node.getDecoratedRanges(block, renderDecorations)
+    const { node, schema, state } = this.props
+    const { document } = state
+    const decorators = document.getDescendantDecorators(node.key, schema)
+    const ranges = node.getRanges(decorators)
     let offset = 0
 
     const leaves = ranges.map((range, i, original) => {
diff --git a/lib/models/node.js b/lib/models/node.js
index 7fe49664c..3ae72a31e 100644
--- a/lib/models/node.js
+++ b/lib/models/node.js
@@ -349,6 +349,39 @@ const Node = {
     return schema.__getComponent(this)
   },
 
+  /**
+   * Get the decorations for the node from a `schema`.
+   *
+   * @param {Schema} schema
+   * @return {Array}
+   */
+
+  getDecorators(schema) {
+    return schema.__getDecorators(this)
+  },
+
+  /**
+   * Get the decorations for a descendant by `key` given a `schema`.
+   *
+   * @param {String} key
+   * @param {Schema} schema
+   * @return {Array}
+   */
+
+  getDescendantDecorators(key, schema) {
+    const descendant = this.assertDescendant(key)
+    let child = this.getHighestChild(key)
+    let decorators = []
+
+    while (child != descendant) {
+      decorators = decorators.concat(child.getDecorators(schema))
+      child = child.getHighestChild(key)
+    }
+
+    decorators = decorators.concat(descendant.getDecorators(schema))
+    return decorators
+  },
+
   /**
    * Get a descendant node by `key`.
    *
@@ -1104,9 +1137,9 @@ const Node = {
 memoize(Node, [
   'assertChild',
   'assertDescendant',
-  'findDescendant',
   'filterDescendants',
   'filterDescendantsDeep',
+  'findDescendant',
   'getBlocks',
   'getBlocksAtRange',
   'getCharactersAtRange',
@@ -1121,8 +1154,10 @@ memoize(Node, [
   'getClosestBlock',
   'getClosestInline',
   'getComponent',
-  'getDescendant',
+  'getDecorators',
   'getDepth',
+  'getDescendant',
+  'getDescendantDecorators',
   'getFragmentAtRange',
   'getFurthest',
   'getFurthestBlock',
@@ -1137,9 +1172,9 @@ memoize(Node, [
   'getOffset',
   'getOffsetAtRange',
   'getParent',
+  'getPreviousBlock',
   'getPreviousSibling',
   'getPreviousText',
-  'getPreviousBlock',
   'getTextAtOffset',
   'getTextDirection',
   'getTexts',
diff --git a/lib/models/schema.js b/lib/models/schema.js
index 6b7cf1923..9058a8e4c 100644
--- a/lib/models/schema.js
+++ b/lib/models/schema.js
@@ -155,6 +155,27 @@ class Schema extends new Record(DEFAULTS) {
     return match.component
   }
 
+  /**
+   * Return the decorators for an `object`.
+   *
+   * This method is private, because it should always be called on one of the
+   * often-changing immutable objects instead, since it will be memoized for
+   * much better performance.
+   *
+   * @param {Mixed} object
+   * @return {Array}
+   */
+
+  __getDecorators(object) {
+    return this.rules
+      .filter(rule => rule.match(object) && rule.decorator)
+      .map((rule) => {
+        return (text) => {
+          return rule.decorator(object, text)
+        }
+      })
+  }
+
   /**
    * Validate an `object` against the schema, returning the failing rule and
    * reason if the object is invalid, or void if it's valid.
diff --git a/lib/models/text.js b/lib/models/text.js
index 0d0f7ab24..56aa2195c 100644
--- a/lib/models/text.js
+++ b/lib/models/text.js
@@ -99,84 +99,85 @@ class Text extends new Record(DEFAULTS) {
   }
 
   /**
-   * Get the decorated characters.
+   * Derive a set of decorated characters with `decorators`.
    *
-   * @param {Block} block
-   * @param {Function} decorator
-   * @return {List} characters
+   * @param {Array} decorators
+   * @return {List}
    */
 
-  getDecoratedCharacters(block, decorator) {
-    return decorator(this, block)
+  getDecorations(decorators) {
+    const node = this
+    let { characters } = node
+    if (characters.size == 0) return characters
+
+    for (const decorator of decorators) {
+      const decorateds = decorator(node)
+      characters = characters.merge(decorateds)
+    }
+
+    return characters
   }
 
   /**
-   * Get the decorated characters grouped by marks.
+   * Get the decorations for the node from a `schema`.
    *
-   * @param {Block} block
-   * @param {Function} decorator
-   * @return {List} ranges
+   * @param {Schema} schema
+   * @return {Array}
    */
 
-  getDecoratedRanges(block, decorator) {
-    const decorations = this.getDecoratedCharacters(block, decorator)
-    return this.getRangesForCharacters(decorations)
-  }
-
-  /**
-   * Get the characters grouped by marks.
-   *
-   * @return {List} ranges
-   */
-
-  getRanges() {
-    return this.getRangesForCharacters(this.characters)
+  getDecorators(schema) {
+    return schema.__getDecorators(this)
   }
 
   /**
    * Derive the ranges for a list of `characters`.
    *
-   * @param {List} characters
+   * @param {Array || Void} decorators (optional)
    * @return {List}
    */
 
-  getRangesForCharacters(characters) {
+  getRanges(decorators = []) {
+    const node = this
+    const list = new List()
+    let characters = this.getDecorations(decorators)
+
+    // If there are no characters, return one empty range.
     if (characters.size == 0) {
-      let ranges = new List()
-      ranges = ranges.push(new Range())
-      return ranges
+      return list.push(new Range())
     }
 
-    return characters
-      .toList()
-      .reduce((ranges, char, i) => {
-        const { marks, text } = char
+    // Convert the now-decorated characters into ranges.
+    const ranges = characters.reduce((memo, char, i) => {
+      const { marks, text } = char
 
-        // The first one can always just be created.
-        if (i == 0) {
-          return ranges.push(new Range({ text, marks }))
-        }
+      // The first one can always just be created.
+      if (i == 0) {
+        return memo.push(new Range({ text, marks }))
+      }
 
-        // Otherwise, compare to the previous and see if a new range should be
-        // created, or whether the text should be added to the previous range.
-        const previous = characters.get(i - 1)
-        const prevMarks = previous.marks
-        const added = marks.filterNot(mark => prevMarks.includes(mark))
-        const removed = prevMarks.filterNot(mark => marks.includes(mark))
-        const isSame = !added.size && !removed.size
+      // Otherwise, compare to the previous and see if a new range should be
+      // created, or whether the text should be added to the previous range.
+      const previous = characters.get(i - 1)
+      const prevMarks = previous.marks
+      const added = marks.filterNot(mark => prevMarks.includes(mark))
+      const removed = prevMarks.filterNot(mark => marks.includes(mark))
+      const isSame = !added.size && !removed.size
 
-        // If the marks are the same, add the text to the previous range.
-        if (isSame) {
-          const index = ranges.size - 1
-          let prevRange = ranges.get(index)
-          let prevText = prevRange.get('text')
-          prevRange = prevRange.set('text', prevText += text)
-          return ranges.set(index, prevRange)
-        }
+      // If the marks are the same, add the text to the previous range.
+      if (isSame) {
+        const index = memo.size - 1
+        let prevRange = memo.get(index)
+        let prevText = prevRange.get('text')
+        prevRange = prevRange.set('text', prevText += text)
+        return memo.set(index, prevRange)
+      }
 
-        // Otherwise, create a new range.
-        return ranges.push(new Range({ text, marks }))
-      }, new List())
+      // Otherwise, create a new range.
+      return memo.push(new Range({ text, marks }))
+    }, list)
+
+    // Return the ranges.
+    return ranges
   }
 
   /**
@@ -246,11 +247,10 @@ class Text extends new Record(DEFAULTS) {
  */
 
 memoize(Text.prototype, [
-  'getDecoratedCharacters',
-  'getDecoratedRanges',
+  'getDecorations',
+  'getDecorators',
   'getRanges',
-  'getRangesForCharacters',
-  'validate'
+  'validate',
 ])
 
 /**
diff --git a/lib/plugins/core.js b/lib/plugins/core.js
index 3f61cea8e..065d3a944 100644
--- a/lib/plugins/core.js
+++ b/lib/plugins/core.js
@@ -160,11 +160,12 @@ function Plugin(options = {}) {
    */
 
   function onBeforeInput(e, data, state, editor) {
-    const { renderDecorations } = editor
-    const { startOffset, startText, startBlock } = state
+    const { document, startKey, startOffset, startText } = state
 
     // Determine what the characters would be if natively inserted.
-    const prevChars = startText.getDecoratedCharacters(startBlock, renderDecorations)
+    const schema = editor.getSchema()
+    const decorators = document.getDescendantDecorators(startKey, schema)
+    const prevChars = startText.getDecorations(decorators)
     const prevChar = prevChars.get(startOffset - 1)
     const char = Character.create({
       text: e.data,
@@ -183,8 +184,7 @@ function Plugin(options = {}) {
       .apply()
 
     const nextText = next.startText
-    const nextBlock = next.startBlock
-    const nextChars = nextText.getDecoratedCharacters(nextBlock, renderDecorations)
+    const nextChars = nextText.getDecorations(decorators)
 
     // We do not have to re-render if the current selection is collapsed, the
     // current node is not empty, there are no marks on the cursor, and the