Peach Cobbler Bread

1/3 cup butter, softened
1 cup granulated sugar
2 eggs
1/3 cup water
1 teaspoon vanilla extract
1 teaspoon almond extract
1 1/2 cups peeled diced peaches
1 2/3 cups all-purpose flour
1 teaspoon baking soda
1/2 teaspoon salt
1/4 teaspoon baking powder

Topping:
1/2 cup chopped pecans or toasted almonds
1/4 to 1/3 cup brown sugar

Grease a 9 x 5 x 3-inch loaf pan. Heat oven to 350 degrees F.

In a mixing bowl, cream butter and sugar. Add the eggs, one at a time, beating well after each addition. Beat in water and extracts.

Combine flour, baking soda, salt and baking powder; gradually add to the creamed mixture. Stir in peaches. Pour batter into loaf pan and sprinkle with topping.

Bake for 50-55 minutes or until a wooden pick inserted near the center comes out clean. Cool for 10 minutes before removing from pan to a wire rack.