Sijo
Perhaps there are things in your question I do not yet understand but it seems a fairly simple question and the answer is that yes it is possible to configure 2 ipsec peers in a single crypto map. The essential part might look something like this
crypto map cmap 1 ipsec-isakmp
set peer x.x.x.x
crypto map cmap 2 ipsec-isakmp
set peer y.y.y.y
Of course you would have to configure the other parts of the crypto map matching an acl, setting the transform, etc. Having 2 sections in the crypto map like this allows you to establish 2 site to site vpns to 2 remote peers.
HTH
Rick