Golden Squash and Corn Soup

Name: Golden Squash and Corn Soup
Ingredients: 6 medium-size golden or other yellow summer squash, seeded and chopped (you should have about 3 1/2-4 c.); 1 large fresh sweet onion, chopped; 1 red bell pepper, seeded and chopped; 6 large ears corn, corn cut from cobs (you should have 3 1/2-4 c. corn); 6 large leaves fresh basil, torn; 1 sprig fresh thyme; 4 cups vegetable broth; 2 cups half-and-half (can be fat-free); 2 cups grated sharp cheddar; salt and pepper to taste; 2 tablespoons butter