diff --git a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorPainter.java b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorPainter.java
index 08c0be633551..121711675c5c 100644
--- a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorPainter.java
+++ b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorPainter.java
@@ -37,6 +37,7 @@ import com.intellij.ui.JBColor;
 import com.intellij.util.Processor;
 import com.intellij.util.ui.UIUtil;
 import gnu.trove.TFloatArrayList;
+import org.jetbrains.annotations.Nullable;
 
 import javax.swing.*;
 import java.awt.*;
@@ -283,7 +284,8 @@ class EditorPainter {
     }
   }
 
-  float paintLineLayoutWithEffect(Graphics2D g, LineLayout layout, float x, float y, Color effectColor, EffectType effectType) {
+  float paintLineLayoutWithEffect(Graphics2D g, LineLayout layout, float x, float y, 
+                                  @Nullable Color effectColor, @Nullable EffectType effectType) {
     float initialX = x;
     for (LineLayout.VisualFragment fragment : layout.getFragmentsInVisualOrder(x)) {
       fragment.draw(g, x, y);
diff --git a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorView.java b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorView.java
index c7212d497702..2ddae167d1ec 100644
--- a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorView.java
+++ b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/EditorView.java
@@ -299,7 +299,9 @@ public class EditorView implements Disposable {
   LineLayout getFoldRegionLayout(FoldRegion foldRegion) {
     LineLayout layout = foldRegion.getUserData(FOLD_REGION_TEXT_LAYOUT);
     if (layout == null) {
-      layout = new LineLayout(this, foldRegion.getPlaceholderText(), myEditor.getFoldingModel().getPlaceholderAttributes().getFontType(), 
+      TextAttributes placeholderAttributes = myEditor.getFoldingModel().getPlaceholderAttributes();
+      layout = new LineLayout(this, foldRegion.getPlaceholderText(), 
+                              placeholderAttributes == null ? Font.PLAIN : placeholderAttributes.getFontType(), 
                               myFontRenderContext);
       foldRegion.putUserData(FOLD_REGION_TEXT_LAYOUT, layout);
     }
diff --git a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/VisualLineFragmentsIterator.java b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/VisualLineFragmentsIterator.java
index 9340c473f275..9aec6168f619 100644
--- a/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/VisualLineFragmentsIterator.java
+++ b/platform/platform-impl/src/com/intellij/openapi/editor/impl/view/VisualLineFragmentsIterator.java
@@ -271,7 +271,9 @@ class VisualLineFragmentsIterator implements Iterator<VisualLineFragmentsIterato
       if (myDelegate == null) {
         LineLayout foldRegionLayout = myView.getFoldRegionLayout(myFoldRegion);
         TextAttributes attributes = myView.getEditor().getFoldingModel().getPlaceholderAttributes();
-        myView.getPainter().paintLineLayoutWithEffect(g, foldRegionLayout, x, y, attributes.getEffectColor(), attributes.getEffectType());
+        myView.getPainter().paintLineLayoutWithEffect(g, foldRegionLayout, x, y, 
+                                                      attributes == null ? null : attributes.getEffectColor(),
+                                                      attributes == null ? null : attributes.getEffectType());
       }
       else {
         int lineStartOffset = myDocument.getLineStartOffset(myCurrentStartLogicalLine);