Preheat oven to 350 degrees. Grease entire bundt pan with 2 tablespoons softened butter focusing heavily on bottom of pan. Press nuts and cherries on bottom of pan to make a pretty pattern. Dust lightly with flour and set aside.
Mix next five ingredients including remaining 4 Tbsp. butter and beat for 4 minutes. Pour carefully into prepared pan. Bake at 350 degrees for 45-50 minutes. Cool 10 minutes and then invert onto rack and cool. Be careful when removing cake from pan due to nuts and cherries. Optional: Drizzle with your favorite sugar glaze or top with Braum's Whipped Cream.